Stocks Crossing 50-Day SMA 08/22: (INTU) (SOHU) (SD) Above; (HPQ) (HCN) (PLCM) Below

August 22, 2012 1:12 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:
  • Intuit Inc. (Nasdaq: INTU) - up 0.1 percent. Intuit getting a little boost following first-quarter earnings results, released after the market closed yesterday. Shares tend to move in a tight range, most, recently between $56 and $58.

  • Sohu.com Inc. (Nasdaq: SOHU) - up 6.1 percent. Moving higher on peer Qihoo 360 (Nasdaq: QIHU) results. Shares of Sohu have been holding above the 50-day SMA recently.

  • SandRidge Energy, Inc. (NYSE: SD) - up 0.9 percent. SandRidge maintaining a relatively flat profile over the last few sessions. Shares dropped following its earnings report on August 2nd, but have been in a $6.40 to $6.55 range as of recent.
Crossing and below:
  • Hewlett-Packard Company (NYSE: HPQ) - down 3.2 percent. H-P lower into its third-quarter report Wednesday. Shares are pressured following peer Dell's (Nasdaq: DELL) results, issued after the market closed Tuesday.

  • Ford Motor Co. (NYSE: F) - down 1.4 percent. Pressure in the autos is hitting Ford today as well. Ford shares were on the rise 11 of the last 13 sessions, with a close lower today making that 11 of 14.

  • Polycom, Inc. (Nasdaq: PLCM) - down 4.6 percent. Said it will be filing a lawsuit shortly in Delaware Chancery Court to enforce the terms of the Purchase Agreement in which -- as entered into on May 10th, 2012 -- the Company will divest its enterprise wireless voice solutions business to an affiliate of Sun Capital Partners, Inc. for consideration consisting of approximately $110 million in cash, subject to adjustment for cash, debt and working capital as set forth in the Purchase Agreement, plus up to an additional $4 million in cash subject to certain conditions.

  • Health Care REIT, Inc. (NYSE: HCN) - down 3.5 percent. Announced a deal to acquire Sunrise Senior Living, Inc. (NYSE: SRZ) for $14.50 per share in an all cash transaction. Shares of SRZ closed at $8.93 on Tuesday, representing a 62 percent premium. For more, click here.


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