TradingMarkets mid-day movers
Markets rally on flurry of M&A activity. Crude
oil futures move up by 0.8% to $59.60.
Friday‘s
market action created 10 day intraday lows on both the S&P 500 index and Nasdaq
Composite index
(explanations below). These are bullish signals and are part of our
contrarian indicator list. It will be interesting to see if we get more bullish signals
this week (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
XM Satellite
(
XMSR |
Quote |
Chart |
News |
PowerRating) Q3 Loss Narrows,
Revenue Up 57% (full
story). XMSR shares rise by over 16%.
Four Seasons
(
FS |
Quote |
Chart |
News |
PowerRating) Receives US$3.7 Bln Buyout
Offer From CEO-led Investor Group (full
story). FS shares jump nearly 30%.
OSI Restaurant Partners
(
OSI |
Quote |
Chart |
News |
PowerRating) To Be
Acquired By Investor Group For $40 Per Share In Cash (full
story). OSI shares soar by over 23%.
Avnet
(
AVT |
Quote |
Chart |
News |
PowerRating) To Buy GE’s
(
GE |
Quote |
Chart |
News |
PowerRating)
Business Unit For $425 Mln (full story). AVT shares trade fractionally
higher. GE shares rise by 1.4%.
Abbott
(
ABT |
Quote |
Chart |
News |
PowerRating) To Buy Kos Pharma
(
KOSP |
Quote |
Chart |
News |
PowerRating)
For $3.7 Bln Cash (full
story). ABT shares trade fractionally lower, while KOSP shares soar by
over 50%.
AES
(
AES |
Quote |
Chart |
News |
PowerRating) Slips To Loss In Q3 On Charges;
Adj. EPS Up On Higher Revenues; Lifts FY06 Adj. EPS View (full
story). AES shares rise by 2.7%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
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Dow
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+91.17
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12,077.21
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NASDAQ
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+29.51
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2,360.30
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S&P 500
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+11.80
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1,376.13
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size=2>NYSE
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size=2>NASDAQ
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Volume
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1,027,760,000
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846,335,000
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Advances
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2248
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1909
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Declines
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796
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949
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Up Volume
align=middle width=”33%” height=15>
158
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130
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Down Volume
align=middle width=”33%” height=17>
188
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138
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New Hi’s
align=middle width=”33%” height=17>
132
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103
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New Lo’s
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13
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37
Strongest
Sectors
Weakest
Sectors
Amex Airline Index (XAL)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
No economic reports released today.
DHelvetica>arren Wong
darrenw@tradingmarkets.com
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Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
10
Day Low Alert-This alert occurs when the market has made a 10 day low
intra-day. It occurs after much selling has occurred and the market is many
times oversold. When the market is above its 200 day ma, its been an opportune
time to be entering long positions. When its below its 200 day, it’s a good
place to begin locking in profits on the short side.