Omnicare (OCR) popped 3.32 points (12.71%) to close at $29.44 on Thursday, on earnings which while they reflected a 25% drop from the same period last year, beat estimates handily. Q2 EPS came in at $0.46 vs the $0.39 that was expected by analysts. With Thursday’s action, the stock broke out of a tight trading range that it has been stuck in for two months and is now trading at its highest levels in 2008.

Symantec (SYMC) shares also ended up the day in the green, on great earnings news. The stock was up 1.38 (7.01%) points, closing at $21.07. The company reported Q1 ‘09 earnings that rose 97% from the same period a year ago. Symantec’s (SYMC) net income came in at $187 million which translates into $0.22 per share. Net income in the same period last year was $95 million or $0.10 per share. Revenues were $1.65 billion from the $1.4 billion reported a year ago. The company took it one step further by giving EPS guidance for Q2 ‘09, in the range of $0.34-$0.36. Analysts were expecting $0.33. The stock is trading very close to its 2008 highs. The price range for this year is $14.54 - $21.95. Traders should watch for a strong break to new highs.

Netflix (NFLX) rose $0.36 (1.08%) to close at $30.89. The stock has been in rally mode for a week, after releasing earnings last Thursday that  beat expectations. NFLX shares have gained 15.5% from the closing price of $26.73 last Thursday. It now looks like the shares are ready to pull back some.

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