News Breaks, Stock Falls
The new News Alerts from TradersWire Interactive
can be a source of very profitable information, if you know what
to look for and can react quickly.
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10:24:05
News Alert
McAfee.com (MCAF)
is plummeting after beating earnings yesterday. The stock is also dropping
in direct opposition to related issues Symantec (SYMC)
and Internet Security Systems (ISSX),
which are helping to lead the strong software sector. The stock is currently
down 4.68 to 27.61 and has lost another 0.69 since the 10:18 Plunge Alert.
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This morning we noticed that MCAF was falling after beating earnings
yesterday, but two related issues, Symantec
(
SYMC |
Quote |
Chart |
News |
PowerRating) and Internet Security
Systems
(
ISSX |
Quote |
Chart |
News |
PowerRating) were surging after beating the Street’s estimates. This is a
huge red flag, and a signal to pounce.
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The stock has fallen over 5 points since the news alert, and
even traders who do not like to trade just off of news can wait and get in on
the action. Note the pullback from the intraday low that forms soon after the
news analysis is posted. Technically oriented traders still were able capture
the majority of the gains.
Use the news alerts when they break, either to follow major
moves or to alert you to look for a pattern in the stock during the day. This
will help to get you on the right side of major moves when they occur.
Until tomorrow,
Duke