Highly Rated Joy Global (JOYG) and Bitstream (BITS) Miss Badly, Sell Off

UP

  • Amerisafe (AMSF) Insurance – Accident & Health, fundamental rank [24/30],  up 8%, getting kick off 50dma and into new all time highs
  • Interdigital Comm (IDCC) Wireless Communication, fundamental rank [25/30],  up 4%, sold off hard at open and dipped below 200dma before roaring back above 50dma

DOWN

  • Bitstream (BITS) Application Software, fundamental rank [27/30],  down 29%, some support at 6 but this stock won’t be going anywere for a long time (I recently featured BITS as a stock of the day and it rated highly fundamentally and technically – not after its latest report.  Another reason to avoid holding a stock through earnings.
  • Joy Global (JOYG) Farm & Construction Machinery, fundamental rank [28/30],  down 13%, once promising setup for a run higher is now broken
  • Integra Life Sciences (IART) Biotech, fundamental rank [26/30],  down 5%, breaking support of 50dma with huge volume

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