Monday, June 04, 2007
NASDAQ Technical Picture - Six Consecutive Higher Closes
As you can see from the 15 minute time frame, today's session was essentially a NR snooze fest. After six consecutive higher closes, I'd like to see a pullback to the trendline.
Companies moving in after hours trading in reaction to earnings: Trading Up: MIND +3.49%; EFX +2.43%...... Trading Down: NASI -10.00%; SIGM -1.87%; CMOS -0.87%...
Companies moving in reaction to news: Trading Up: PQ +3.41% (announces completion of operations on its third operated horizontal Woodford Shale well); IART +1.77% (commences private offering of $125 mln convertible notes)... Trading Down: OPWV -13.89% ( Board unanimously rejects Harbinger's unsolicited partial tender offer as inadequate); CIEN -2.61% (announces proposed sale of $450 mln in convertible senior notes); NPSP -2.49% (announces Calcilytics development program in Osteoporosis by GlaxoSmithKline); NOVC -2.28% (Chairman/CEO appears on CNBC, discussing its Asentar drug for prostate cancer); CHZ -2.2% (announces acquisition of Community Bank & Trust Company); TRB -1.36% (resignations of Chandler Trusts Representatives from Board of Directors); PDRT -1.33% (continues to evaluate other replacement options for existing frac pump particle injection system); HXM -0.93% (announces new CEO); XTO -0.81% (announces a 15 mln share common stock offering)
Econ. Calendar - ISM Services at 10:00
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NASDAQ
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