1. What are the two key mistakes beginners make in reading trends?  2. Which “key” chart pattern reveals a top or bottom is near?
3. What are the most reliable chart patterns? 
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Apr
18
2006
Today’s Earnings Movers: Pharmaceutical Products Development (PPDI), United Health Care (UNH)

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

It seemed that it was just yesterday we were in full earnings reporting mode.. how time flies.  So, for the next several weeks I’ll once again be highlighting stocks moving on earnings each morning.

Here are today’s notable earnings movers:
Note: fundamental rank in brackets does not include latest results

UP

  • Pharmaceutical Products Development (PPDI) Medical Laboratories & Research, fundamental rank [25/30] up 16%, so much for carving out a base.. today’s strong earnings report is sending the stock up past resistance and to a new all time high
  • East West Bancorp (EWC) Banks – Pacific, fundamental rank [26/30] up 8%, carving out the right side of a large base
  • Peabody Energy (BTU) Industrial Metals & Minerals, fundamental rank [26/30] up 7%, a strong breakout to another all time high this morning
  • Freeport Mcmoran (FCX) Copper, fundamental rank [23/30] up 6%, breaking out to new new all time highs from so so base.
  • HDFC Bank (HDB) Banks – Foreign Regional, fundamental rank [26/30] up 3%, also breaking out from base to new all time highs; some resistance at 60

DOWN

  • United Health Care (UNH) Health Care Plans, [25/30], down 3%, UNH just continues to get hammered; strong support at 50 though

Filed under Company Earnings by Tate Dwinnell

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