Thursday, May 3, 2012

May 3 Premarket Movers

Stock
Movement
Reason
Our Comments
GMCR
Down 19 points.
Earnings last night.
Really beat up this stock last night on lowered guidance.  Old 52 week low of 34.06 could be decent swing number, and may provide good resistance.  30 could be a psychological level.  But this stock is a mess.

PRU
Down 3 points.
Earnings last night.
Going to be an ugly day for PRU.  55 area has good support, but that is a ways from current price.  MET could have slight sympathetic move.

WTW
Down 13 points.
Earnings last night.
Stock killed after earnings release.  Lot of air everywhere in this issue. 70 could provide good resistance.  Great support down at 55.

ALL
Trading up last night.
Earnings last night.
34 area has been major resistance.  Above 34.10, stock could be in break-out mode.

GM
Up 45 cents.
Earnings.
Stock getting nice lift after report.  24 area could provide some initial resistance.

V
Down 2 points.
Earnings last night.
Initial support in 116 area.  Note that MA had weak opening after it's report yesterday, but rallied mid-morning.


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