Stocks Crossing 50-Day SMA 12/11: (FLEX) (PLCM) (CROX) Above; (FDO) (OCZ) Below
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Crossing and above:
- Flextronics Int'l (Nasdaq: FLEX) - up percent. Flextronics will acquire Motorola's manufacturing operations in Tianjin, China, and will also assume the management and operation of its Jaguariuna, Brazil, facility.
- Polycom, Inc. (Nasdaq: PLCM) - up 6.6 percent. Announced the worldwide availability of Polycom HDX Series 3.1, a software update for the Company’s popular HDX video collaboration solution for executive desktops and rooms.
- Crocs, Inc. (Nasdaq: CROX) - up 4.4 percent. Upped its revolving line of credit to $100 million while lowering the interest rate by 50 basis points.
- Teekay Tankers Ltd. (NYSE: TNK) - up 10.2 percent. Breaking well above the $3 level today. Investors and traders might also watch the $3.50 level, where Teekay has gapped below in the past.
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