Archive for July 28th, 2008

Technical Violation/Volume Alert: Merrill Lynch (MER)

Today could represent a ket technical violation in shares of Merrill Lynch & Co. (NYSE: MER).  Shares are down 10.5% at $24.65 as of 3:10 PM EST.  We have seen almost 39 million shares trade hands, compared to an average daily volume of 28.7 million shares. The key level to watch is $24.69.  That isn’t [...]

Silver Wheaton Call Options Surge Ahead of Earnings (SLW)

We love looking for very unusual options trading to look for flags that might now show up in the trading volume.  Silver Wheaton Corp. (NYSE: SLW) is a name that almost never shows up on a the most active call options list.  But as of 12:45 PM EST this Monday we have seen this silver [...]

Exponential Volume Alert: Vanda Pharma (VNDA)

Vanda Pharmaceuticals, Inc. (NASDAQ: VNDA) is one of the leading volume stocks this morning on NASDAQ. Unfortunately for holders, it is a major downside volume alert to yet another 52-week low.  An FDA non-approvable letter is the culprit. The biotech is down now more than 60% at $1.24 and its prior 52-week trading range was [...]

52-Week High/Volume Surge: Amgen (AMGN)

The most active stock in pre-market trading is Amgen Inc. (NASDAQ: AMGN) after the company released its positive data on its osteoporosis treatment that Wall Street was awaiting. This stock is surging to new 52-week highs and getting out from under a very large shadow since it has had almost nothing but problems since 2006. [...]

PRE-MARKET VOLUME SPIKE: Sirius/XM (SIRI, XMSR)

We are seeing active trading in SIRIUS Satellite Radio Inc. (NASDAQ: SIRI) pre-market on several pieces of data.  It looks like the FCC has given the final green light call to approve its XM Satellite Radio Inc. (NASDAQ: XMSR) buyout.   Sirius also posted a 25% revenue gain and posted a narrower loss. So far at [...]