Android app on Google Play

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.




You May Also Be Interested In


Related Categories

Special Reports, Trader Talk

Related Entities

Earnings, Wells Fargo

Add Your Comment