Baidu (BIDU) Catches a Bid; Digital River (DRIV) Breaks Out

Today’s High Growth Stock Big Earnings Movers: 

UP

• Baidu.com (BIDU) Internet Info Providers,  fundamental rank [29/30],  up 14%, carving out the right side of a base

Cummins (CMI) Diversified Machinery, fundamental rank [23/30],  up 12%, reversed sharply off the highs after a remarkable run in the past week

• Netgear (NTGR) Communication Equipment, fundamental rank [25/30],  up 11%, added to yesterday’s breakout

• The Ultimate Software Group (ULTI) Internet Software & Services, fundamental rank [25/30],  up 10%, breakout from base on base pattern

• Commscope (CTV) Communication Equipment, fundamental rank [24/30],  up 7%, continuing to add to a very nice February cup base breakout

• National Oilwell Varco (NOV) Industrial Equipment Wholesale, fundamental rank [25/30],  up 5%, adding to a March breakout

• Digital River (DRIV) Internet Software & Services, fundamental rank [26/30],  up 4%, a breakout!

• W-H Energy Services (WHQ) Communication Equipment, fundamental rank [26/30],  up 4%, adding to yesterday’s breakout rom a double bottom base

DOWN

MEMC Electronic Materials (WFR) Semiconductor – Integrated Circuit, fundamental rank [26/30],  down 14%, closed just below support of the 50 day moving average near the lows of the day, indicating further selling pressure ahead

Pericom Semiconductor (PSEM) Networking & Communication Devices, fundamental rank [24/30],  down 11%, carving out right side of base, but that may be failing; took out support of 200 day moving average today

Psychiatric Solutions (PSYS) Specialized Health Services, fundamental rank [25/30],  down 11%, testing support of 200 day moving average

Silicon Motion Technology (SIMO) Diversified Electronics, fundamental rank [28/30],  down 8%, a huge reversal off this morning’s gap up but still has support of 50 day moving average; most likely won’t hold there for very long

Falconstor Software (FALC) Business Software & Services, fundamental rank [23/30],  down 6%, still has support of 50 day moving average and chart still very much bullish; probably will test the 50 day moving average soon

Ceradyne (CRDN) Industrial Equipment & Components, fundamental rank [26/30],  down 6%, ultimately ended at the lows after a wild day of trading; still has support of 50 dma

Abaxis (ABAX) Diagnostic Substances, fundamental rank [23/30],  down 6%, working on right side of ugly base; took out support of 50 dma but still has support of 200dma

VistaPrint (VPRT) Business & Management Services, fundamental rank [27/30],  down 5%, closed well off the lows of the day and still has support of the 50 day moving average; working on right side of base

Leave a Reply

Your email address will not be published. Required fields are marked *