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Stocks Crossing 50-Day SMA 07/24: (EMC) (BIDU) (PCAR) Above; (T) (BEAV) (DNDN) Below

July 24, 2012 1:36 PM EDT
The following is a list of stocks crossing the 50-day simple moving average (SMA) and are either above or below the metric. The 50-day is considered an indicator of a potential near-term trend formation.

Crossing and above:
  • EMC Corp. (NYSE: EMC) - up 1.8 percent. Higher after reporting in-line EPS of 39 cents. Revs of $5.31 billion were better than expectations.

  • Baidu, Inc. (Nasdaq: BIDU) - up 9.3 percent. Strong like bull following impressive second-quarter 2012 results after the market closed Monday. Sales rose 60 percent while profit improved 70 percent.

  • PACCAR, Inc (Nasdaq: PCAR) - up 1.6 percent. Popping higher, also on strong Q2 results.

  • DigitalGlobe (NYSE: DGI) - up 5.3 percent. Up about 11.5 percent after announcing it would acquire peer GeoEye (Nasdaq: GEOY) on Monday morning. The deal is valued at about $900 million.

  • ACADIA Pharma (Nasdaq: ACAD) - up 2.6 percent. Showing upside following a patent update from the USPTO. Shares also crossed the 10-day at one point today, which is currently set at $1.63.
Crossing and below:
  • AT&T (NYSE: T) - down 2.9 percent. Moving lower following second quarter results, as some believe iPhone sales came in below expectations. AT&T sold 3.7 million iPhones in the quarter.

  • BE Aerospace, Inc. (Nasdaq: BEAV) - down 4.6 percent. Lower today as BE edged-out Q2 EPS views by 1 cent, but ended up keeping guidance flat. Shares were down over 11 percent at one point, well below the 50-day SMA.

  • Dendreon Corp. (Nasdaq: DNDN) - up 4.8 percent. Dendreon saw a pop earlier in the session, moving nearly 16 percent higher and getting above the 50-day level. Shares have since receded, with shares below the 50-day, which is currently at $7.05.

  • Illinois Tool Works Inc. (NYSE: ITW) - down 3.2 percent. ITW getting hit following strong Q2 results, but trimmed outlook for fiscal 2012 earnings. Shares may stay in the $50 - $55 range as investors work out the numbers.


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