Stocks Crossing 50-Day SMA 01/02: (KO) (JCP) (BRCD) Above; (EMC) (VVUS) (M) Below

January 2, 2013 3:06 PM EST Send to a Friend
Crossing and above:
  • The Coca-Cola Co (NYSE: KO) - up 2.8 percent. After moving 3.8 percent lower since the middle of December, shares are making a nice rebound Wednesday after lawmakers successfully pieced togethe fiscal cliff negotiations.

  • J.C. Penney (NYSE: JCP) - up 5.4 percent. The retailer once again largely outpacing peers as retailers have been lagging the broader marker on the fsical cliff-inspired rally. Shares have been volatile recently as some have benn on the fence about CEO Ron Johnson's strategy moving forward.

  • Brocade Communications (Nasdaq: BRCD) - up 6.0 percent. Tech seeing a rally with broader markets. With Americans being able to keep a little more of their income than originally anticipated, many are betting on firm consumer electronics sales into 2013.
Crossing and below:
  • EMC (NYSE: EMC) - down 2.1 percent. Oppenheimer commented earlier that channel checks hinted at some weakness.

  • VIVUS, Inc. (Nasdaq: VVUS) - down 5.1 percent. VIVUS lower following comments from Cowen on Monday that Qsymia sales in November were not meeting investor expectations.

  • Macy's (NYSE: M) - down 2.3 percent. Macy's pulling back following a move higher Monday amid a positive Barron's article over the weekend. For more color, click here.


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