Today’s Growth Stock Big Earnings Movers: 

Some high quality companies were taken out to the wood shed today – just a few more examples of why you should almost always avoid holding through earnings reports.  Why gamble?

UP

• Atlantic Tele-Network (ATNI) Telecom Services – Foreign, fundamental rank [24/30],  up 18%, surging above 200 and 50 day moving averages; working on a base

• Under Armour (UA) Apparel – Clothing, fundamental rank [26/30],  up 16%, adding to gains from recent breakout, soaring to all time highs

• ON Semiconductor (ONNN) Semiconductor – Broadline, fundamental rank [23/30],  up 12%, breaking out to new multi year high

• Navigators Group (NAVG) Insurance – Property & Casualty, fundamental rank [24/30],  up 9%, gyrating this way in that, maintaining its sloppy chart; continuing bounce off 200 day moving average

• Interactive Intelligence (ININ) Business Software & Services, fundamental rank [26/30],  up 8%, nearing the top of a large base

• CB Richard Ellis (CBG) Property Management, fundamental rank [28/30],  up 5%, holding up at the 200 day moving average

• Manitowoc (MTW) Farm & Construction Machinery, fundamental rank [26/30],  up 5%, struggling to get back above 50 day moving average after recently breaking support there

DOWN

• DXP Enterprises (DXPE) Industrial Equipment Wholesale, fundamental rank [27/30],  down 25%, very surpising earnings miss from this high quality company and a prime example of why you should RARELY hold through earnings; next support level around 30

• Silicon Motion Technology (SIMO), Diversified Electronics, fundamental rank [29/30],  down 17%, today is a punctuation mark on a 3 week plunge

• LCA Vision (LCAV), Medical Practitioners, fundamental rank [24/30],  down 16%, headed to last level of support in coming weeks

• RRSat Global (RRST), Diversified Communication Services, fundamental rank [26/30],  down 7%, bounced nicely off support of the 50 day moving average today

• BE Aerospace (BEAV), Aerospace/Defense, fundamental rank [2530],  down 5%, holding its long trend up well despite the selling today