Thursday, April 26, 2012

April 26 Premarket Movers

Stock
Movement
Reason
Our Comments
POT
Down 70 cents.
Earnings.
Disappointing results has stock down in premarket.  Initial support in 42.50 area.  Watch AGU for sympathy move.

TER
Up 7%.
Earnings last night.
Breaking out to new 52 week high this morning.  Old 52 week high of 17.50 should be a decent swing number.

AET
Down 8%.
Earnings.
Ugly results, and stock under serious pressure this morning.  45.50 was old support level, since stock trading below that, use that number for swing number.  UNH, CI could have a sympathetic move.

PEP
Flat.

Earnings.
Major resistance remains at 67.  HFT resistance in 66.90s.

DOW
Down 1 point.
Earnings.
Took out major resistance at 36 at the close yesterday.  Still might be some residual resistance in that area.

HRB
Down 16%.
Earnings last night, soft outlook.
Stock was at upper end of yearly trading range before report.  Is falling towards lower end of yearly range after report.  52 week low of 12.54 should provide good support.

DB, STD, CS, ING
Down 2-4%
Euro-banks weak overseas.
These stocks trade like a yo-yo.  Up one day, down next.  These can still be a good indicator when trading US financials.

XOM
Down 1 point.
Earnings.
Slight miss.  85 area has been good support.

UPS
Down $2.50
Earnings.
Slight miss has stock under pressure.  May find some initial support in 76 area.


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