Archive for March, 2010

Top Day Trader Alerts (NOVL, PALM, AIG, FNM, ETFC, FSLR, FUQI, TEVA)

Novell Inc. (NASDAQ: NOVL) is trading up as one of the more active stocks this morning. As we expected the company would have to do, it rejected the Elliott private equity takeover bid as ‘Inadequate.’  But the company said it is now exploring strategic alternatives and assess its options including a potential sale.  At 8:50 [...]

Top Day Trader Alerts (APPA, PALM, BIDU, GOOG, NLST, SPWRA, ADUS)

Friday is finally here.  We have some real duds this morning that are going to be glad to have this week behind them based upon their news moves.  We have provided the price move, the volume, and added color and relevant data around the news summaries for each. AP Pharma Inc. (NASDAQ: APPA) is getting [...]

Top Day Trader Alerts (DPTR, FDX, NKE, SASR, TEVA, TSL)

These are this morning’s top day trader and active trader alerts. We have added the price moves and color on each stock as of approximately 8:40 AM EST unless stated otherwise, as well as historical data for a comparison. Delta Petroleum Corp. (NASDAQ: DPTR) shares are surging by 20% at $1.64 on over 1 million [...]

Exponential Volume Club (AKNS, BBI, FNM, FUQI, LSI, VIVO, PLCM, SNV, VHC, VLTR)

We have taken a look at the movers up and down today and pulled out the key names we have seen on news with exponential trading volume.  We have also included the news and relative color on the trading day and offered a link to each where applicable.  Share prices as of a 12:25 PM [...]

Top Day Trader Alerts (ERIC, CIT, FUQI, GGP, PLCM, HOG, GE, ABK)

LM Ericsson Telephone Co. (ERIC) is down almost 3% at $10.97 on over 100,000 shares as of 8:35 AM EST.  The stock was downgraded at BofA/ML and at Goldman Sachs.  The 52-week range is $7.62 to $11.33 and the average volume is over 6 million shares. CIT Group, Inc. (NYSE: CIT) is trading up despite [...]

Rumors Drive Volume (GGP, SPG, HOG)

The rumor mill is back.  It is also tiring.  Today we had two gainers seen in General Growth Properties Inc. (NYSE: GGP) and in Harley-Davidson, Inc. (NYSE: HOG).  Details on each are as follows, along with unofficial closing bell levels. General Growth Properties Inc. (NYSE: GGP) just spiked at the end of the trading day [...]

Stock/Option Explosion: The GE Breakout on 52-Week Highs (GE)

General Electric Co. (GE) is seeing a break-out.  Yesterday it was Goldman Sachs, today JPMorgan helping with comments on the conglomerate.  The prior 52-week high was $17.52 that was hit back on September 19 2009 after it went ex-dividend.  This morning shares opened up at $17.49 after a $17.29 close on Monday.  Now shares are [...]

Top Day Trader Alerts (ICGN, SQNM, MPEL, ATHN, BSX, MCHP, GE)

ICAgen Inc. (NASDAQ: ICGN) is soaring.  Shares closed at $0.54 on Monday and at 8:45 AM EST we have shares up 70% at $0.92 on about 85,000 shares.  Be advised that this micro-cap biotech was at $1.00 earlier this morning and that the 52-week trading range was $0.31 to $1.59.  The company reported positive results [...]

AIG Price-Volume Spike (AIG)

American International Group, Inc. (NYSE: AIG) saw a rather large price and volume spike late in the afternoon.  Before 2:30 PM EST AIG shares went from being down around the lows of the day at $33.30+ and went all the way up to $36.37 in a very rapid fashion.  We have seen notes that Macquarie [...]

Boston Scientific’s Ides of March (BSX)

Is it ironic that Boston Scientific Corporation (NYSE: BSX) has another round of awful news out on one of its key products on the Ides of March? It gets harder and harder to imagine that this company is ever going to be able to manage a proper turnaround. The troubled medical device maker announced today [...]