One stock just hit a new 52-week while the other jumped more than 30% in one day, both on strong earnings results. – Charting Zacks Elite Stocks
Source: http://www.zacks.com/commentary/12672/One+stock+just+hit+a+new+52-week+while+the+other+jumped+more+than+30%25+in+one+day%2C+both+on+strong+earnings+results.+-+Charting+Zacks+Elite+StocksPosted on Friday, November 6th, 2009 | In Investing Lessons, Stocks to Watch
Visa, Inc. (V) recently hit a new 52-week high after posting better than expected Q3 earnings of 74 cents per share, 3 cents ahead of the Zacks Consensus Estimate. Shares of Visa have been riding a very smooth trend higher that is still in play since bottoming out just above $41 in late January. More recently, shares surged above the key short-term level of resistance at $74 on the strong quarter, hitting a new 52-week high. Look for support in this area on a pullback, take a look below.
Fuel Systems Solutions Inc. (FSYS) jumped more than 30% on Nov 5 after the company reported better than expected Q3 results and raised guidance. Previous to the big one-day gain shares had trading mostly sideways since early September after rallying big from the long-term low at $9 in early March. If shares pull back after the big surge look for support just above $38, take a look below.
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 About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys. |
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