Stocks Crossing 50-Day SMA 07/10: (CWTR) (PCS) (WWW) Above; (CRUS) (AMAT) (XCO) Below

July 10, 2012 1:13 PM EDT Send to a Friend
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:
  • Coldwater Creek Inc. (Nasdaq: CWTR) - up 48.2 percent. Popping much higher after announcing it closed a five-year, $65 million senior secured term loan provided by Golden Gate Capital, a leading private equity firm with extensive experience in the retail sector.

    Coldwater Creek also announced the completion of an amendment to its $70 million revolving credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC), which matures on May 16, 2016.

  • MetroPCS Communications (NYSE: PCS) - up 4.1 percent. Moving strongly to the upside as Research In Motion (Nasdaq: RIMM) holds its shareholders meeting today. Shares have bounced nicely from a recent low of $5.53 hit in June.

  • Wolverine World Wide (NYSE: WWW) - up 6.6 percent. Wolverine World Wide moving above both its 50- and 100-day SMAs today following second-quarter numbers. Amid a slight miss, the company maintained its outlook for 2012. For more, click here.

  • DryShips, Inc. (Nasdaq: DRYS) - up 0.0 percent. DryShips is hanging flat Tuesday as the stock appears to be using the 50-day as a support level. DryShips has been up the past few days as sentiment for more shipping has increased.
Crossing and below:
  • Alcoa, Inc. (NYSE: AA) - down 3.3 percent. Alcoa reported adjusted EPS of 6 cents after the market closed Monday, which was in-line with expectations. Sales in the quarter were $5.96 billion, also topping views.

    Without adjustment, Alcoa's profit in the quarter was break even on a per-share basis.

  • Applied Materials Inc. (Nasdaq: AMAT) - down 1.5 percent. Applied Materials cut its outlook for fiscal 2012, seeing revs and EPS coming in below prior expectations.

  • EXCO Resources Inc. (NYSE: XCO) - down 4.7 percent. EXCO moving through its 50- and 100-day averages as well Tuesday, as shares have traded within the $6 to $8 range over the last few months on uncertainty and flattening in the nat gas market.

  • Cirrus Logic (Nasdaq: CRUS) - down 7.2 percent. This might be a pure technical here. Shares are off after falling below the $28 price level as well as the 50-day SMA. Volume on the move is heavier than average. Cirrus is expected to announced first-quarter 2013 results on July 30th after U.S. markets close.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports, Trader Talk

Related Entities

Earnings, Wells Fargo

Add Your Comment