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

• NAVTEQ Corp (NVT) Business Software & Services, fundamental rank [24/30],  up 12%, gapping up to another all time high

• Chipotle Mexican Grill (CMG) Restaurants, fundamental rank [24/30],  up 10%, breaking out of another base to new all time high

• Trimble Navigation (TRMB) Scientific & Technical Instruments, fundamental rank [25/30],  up 9%, gapped up to another new all time high

• Garmin (GRMN) Scientific & Technical Instruments, fundamental rank [28/30],  up 8%, continuing to trend along 20dma to all time highs

DOWN

• Houston Wire & Cable (HWCC) Electronics Wholesale, fundamental rank [27/30],  down 26%, reported subpar quarter and paying for it; nearly all support levels wiped out

• General Cable (BGC), Industrial Electrical Equipment, fundamental rank [26/30],  down 17%, the long trend up is over; in all likelihood headed to 200 dma

• Buffalo Wild Wings (BWLD), Restaurants, fundamental rank [25/30],  down 17%, headed to 200 day moving average

• Mastercard (MA), Business & Management Services, fundamental rank [22/30],  down 11%, taking out the 50 day moving average; will probably spend a significant amount of time basing here

• Health Grades (HGRD), Medical Practitioners, fundamental rank [25/30],  down 9%, finding some support at the 200 day moving average

• RTI International Metals (RTI), Industrial Metals & Minerals, fundamental rank [25/30],  down 7%, remains submerged below 200 day moving average

• Cephalon (CEPH), Drug Manufacturers, fundamental rank [24/30],  down 6%, took out support of upward trend line and 200 day moving average

• First Solar (FSLR), Electronic  Equipment, fundamental rank [23/30],  down 5%, holding up just fine at lofty levels

• Central European Distribution (CEDC), Beverages – Wineries & Distilleries, fundamental rank [25/30],  down 5%, still looks very bullish despite today’s selling