Stocks Crossing 50-Day SMA 01/10: (LM) (MBI) (IBM) Above; (MCP) (HLF) (DRWI) Below

Article Stock Quotes (7) Comments (0)

Crossing and above:

• Legg Mason (NYSE: LM) - up 3.7 percent. Legg Mason popping higher on speculation that it might be garnering interest from the private equity segment. At one point, shares got to their highest level since last April. For more color, click here.
  
  
• MBIA, Inc. (NYSE: MBI) - up 5.3 percent. Showing some unusual upside on volume today, though other players in the mortgage-insurance segment aren't reacting. MBIA is in court with BofA today over pending Countrywide litigation. Click here for more color.
  
  
• International Business Machines (NYSE: IBM) - up 0.3 percent. IBM moving higher following positive news related to its role as top receiver of U.S. patents. IBM handily retained the title for 2012, getting 6,478 patents in the process and beating the next-best company by over 100 percent.

Crossing and below:

• Molycorp (NYSE: MCP) - down 22.7 percent. Getting hit today after it said that the ramping-up of its Mountain Pass project would lead to lower-than-expected revs and cash flow in 2013. For more color, click here.
  
  
• Herbalife (NYSE: HLF) - down 1.2 percent. Pick your poison here. It's a Battle Royale featuring some of the most prominent hedge funds around. For the full skinny on what's happening at Herbalife today, click here.
  
  Shares have been volatile lately as investors and traders look to take sides over whether Herbalife is real...or really a scam.
  
  
• Dragonwave, Inc. (Nasdaq: DRWI) - down 27.5 percent. Dragonwave getting hit not only from a third-quarter earnings miss, but light outlook for the current qurter as well.
  
  
• Silver Standard Resources Inc. (Nasdaq: SSRI) - down 8.3 percent. Announced the launch of a $200 million convertible senior notes offering.

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