Crucell NV (CRXL) has been drifting to the downside since the open of trade Friday, but has spiked sharply to the upside in the last few minutes on increased volume. Shares are now up 0.48 at $20.64.
October 31, 2009
AXT Inc. Has Risen Above Today’s Narrow Range
AXT Inc. (AXTI) reported third quarter net income of $0.07 per share after the close Thursday, compared to the loss of $0.03 per share last year.
Mettler-Toledo International Has Risen To A New High On Q3 News
Mettler-Toledo International (MTD) reported third quarter adjusted EPS of $1.36 after the bell Thursday, down from the $1.44 posted last year. The consensus estimate was for EPS of $1.18. The company expects to report fourth quarter EPS of $1.90 to $2.00, compared to the consensus estimate of $1.88. The company also increased its full year guidance to between $5.39 and $5.50, from prior expectations of $4.92 to $5.42.
Estee Lauder Cos. Has Risen To A New High After Q1 Report
Estee Lauder Cos. (EL) reported first quarter net earnings of $0.71 per share Friday morning, up from the $0.26 posted last year. Excluding returns and charges, net earnings per share rose to $0.85. The consensus estimate was for EPS of $0.34.
MicroStrategy Inc. Has Surged To A New High After Q3 Report
MicroStrategy Inc. (MSTR) reported third quarter EPS of $1.73 after the bell Thursday, which exceeded the consensus estimate of $0.94. Revenues 15% to $104.02 million, from $90.63 million in the prior-year quarter.
USD/JPY Heads Back Below 91
A selloff is taking place in the riskier FX pairs and the USD/JPY is following suit, telling us investors prefer the Yen over the Dollar as a safe haven right now. Today’s strength in the Yen also stems from the BoJ’s decision to end a couple of its bond purchasing…
GBP/USD Deflected by our 2nd Tier Downtrend Line
The Cable’s rally in reaction to yesterday’s positive U.S. Prelim GDP has hit a wall at our 2nd tier downtrend line. As with the EUR/USD, the GBP/USD failed to receive any abnormal topside volume yesterday, indicating bulls weren’t fully behind the risk rally. The lack of topside conviction likely stems…
EUR/USD Tops Out Below 10/27 Highs
The EUR/USD is under some selling pressure today after yesterday’s rally fueled by U.S. Prelim GDP data failed to overcome 10/27 highs, let alone our 1st tier downtrend line. Additionally, yesterday’s buy-side volume came in well below Tuesday’s pop in sell-side activity. As a result, a negative investor sentiment remains…
EURUSD - Remains Vulnerable To The Downside
Intra day price action saw the pair wiping out almost all of its Thursday gains during the US session today suggesting an extension could shape towards its Oct 29’09 low at 1.4682. As highlighted in our earlier analysis of EUR’s vulnerability to the downside while holding and trading below the…
$ Index: Wave Two Structure
On the four hour chart above, traders may notice the latest 76.57 top around the trend-line resistance that looks to be the top of a black wave i, (which pushed the prices lower into a corrective wave ii). The most typical Fibonacci retracement level of a corrective wave two…