Friday, May 4, 2012

May 4 Premarket Movers

Stock
Movement
Reason
Our Comments
LNKD
Up 10 points.
Earnings last night.
122.70, which is 52 week high should provide initial resistance.  Above that, stock could be in break-out mode.

AIG
Down slightly.
Earnings last night.
Initially rallied off report, but then sold off.  52 week high of 35.05 should provide good resistance.

KFT
Down slightly.
Earnings last night.
52 week high of 39.99 remains major resistance.

AVP
Up slightly.
Back in play.
Stock blasted off in last 2 minutes of trade yesterday, on news that company would be open to acquisition by Coty Inc. but at higher price.

DGI - GEOY
DGI - up 4 points.
GEOY - up slightly.
Merger.
GEOY offers $17/share in cash and stock for DGI.

DUK
Up slightly.
Earnings.
22 area remains major resistance.


* Remember today at 8:30 ET is the unemployment report.  Listen to the Market Outlook show at 8:45 ET for more market movers.

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