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Bespoke: With Apple (AAPL) Gone, These Stocks Remain Trading over their 200 Day Moving Average for >500 Days
Friday, June 17, 2011 - 12:29pm | 442Apple (AAPL) rebounded (with the rest of the market) late in the day to essentially close right at its 200 day simple moving average. If something closes +/- 0.25% within a moving average I am not going to penalize it for breaking support, but according to Bespoke Apple closed below that key level...
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Redbox Launches Game Rentals, Is This A Catalyst For Coinstar?
Friday, June 17, 2011 - 8:49am | 435Coinstar (NASDAQ: CSTR) has announced that finally after two years of testing, it will be launching nationwide video game rentals, which could be a boon for the company, and its shareholders. The company announced that its Redbox kiosks would be offering $2/night video game rentals, as well as the...
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Three Consumer Discretionary ETFs Worth Embracing, S&P Says
Thursday, June 16, 2011 - 1:40pm | 374In this environment of slack job growth and concerning economic data points on an almost daily basis, consumer discretionary ETFs may not seem like the first place investors should be rushing to, but a few may be worth a look, according to Standard & Poor's Equity Research. The research firm...
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Despite Competitive Risks, Seller Sentiment on Amazon Continues to be Positive, Bank of America Reports
Thursday, June 16, 2011 - 7:54am | 119“Despite competitive risks, seller sentiment on Amazon (NASDAQ: AMZN) continues to be positive given volume growth and higher ASPs/buyer frequency. FBA continues to resonate with sellers looking for a sales lift, and getting placement in Amazon's buy box remains a key goal,” Bank of America wrote...
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Why Julian Assange of Wikileaks Loves Bitcoin
Wednesday, June 15, 2011 - 3:42pm | 338Bitcoin is a digital peer-to-peer technology and currency that allows users to transact online without using credit cards or bank accounts. Think of Gnutella (or if you are not familiar with that, the old Napster (NYSE: BBY) except decentralized). However, with Bitcoin, you are not trading music...
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Stock Market Update: Blood In The Street
Wednesday, June 15, 2011 - 12:32pm | 279After a one day stock market rally, all hell has broken loose again. This can be blamed on multiple factors but mainly the Euro collapse because of Greece and the Dollar surging in response. As the U.S. Dollar surges, the markets sell sharply. This inverse relationship has been intact for years now...
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Cloud Stocks Escape The Morning Rain
Wednesday, June 15, 2011 - 10:31am | 253The major stock market indexes are once again starting the morning sharply lower. This looks to be a broad based decline as most leading stock sectors are trading lower. There are a few stocks that are showing some early strength despite the stock market decline. A few of the stocks that are...
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Big Market Rally, Some Tech Stocks Still Struggle
Tuesday, June 14, 2011 - 10:31am | 364This morning, the major stock indexes are soaring higher in a broad based advance. As we know, the major stock indexes have been under pressure over the past month. At this time many traders are wondering if this rally is just a short term bottom, or just a one day bounce from a very oversold...
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Is Patrick Byrne Finally Victorious in the Fight Against Naked Short Selling?
Tuesday, June 14, 2011 - 10:10am | 542Is Patrick Byrne making progress in his fight against what he believes are fundamental flaws in the American financial markets? According to the The Register, the Overstock.com (NASDAQ: OSTK) CEO might have finally caught a break. The Register cites a piece by The Economist, “America's dodgy...
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Benchmark Provides Color on Orbitz Worldwide, Hold
Tuesday, June 14, 2011 - 8:27am | 139Benchmark provided color on Orbitz Worldwide (NYSE: OWW) after the company achieved a court victory over American Airlines (NYSE: AMR). In a research report published today, Benchmark states, "On June 1, 2011, an Illinois court granted injunctive relief to Orbitz (OWW-Hold, PT $3) and Travelport...
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Is Best Buy Now A Good Buy?
Tuesday, June 14, 2011 - 8:26am | 390Best Buy Co., Inc. (NYSE: BBY) shares are jumping more than 6% in pre-market trading after the Minnesota-based electronics retailer reported better than expected earnings this morning. The company reported first quarter earnings of 35 cents per share on revenues of $10.9 billion. This was better...
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Active Screen - CANSLIM: Top 8 for June 14th
Tuesday, June 14, 2011 - 7:19am | 1775Despite additional loses in the market, our top-8 of qualifying stocks remained unchanged. The following CANSLIM stock screener settings were employed: The eight stocks, as ranked by Market Cap, were Apple (AAPL), Vale S.A. (VALE), Barrick Gold (ABX), Baidu (BIDU), Cognizant Technology Solutions (...
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Stock Trade Ideas for Tuesday, June 14
Monday, June 13, 2011 - 5:45pm | 1361( click to enlarge ) Zagg Inc (NASDAQ:ZAGG) rallied another 5% on heavy volume. The stock hit a high of $12.50, which is now resistance for Tuesday's continuation move. ( click to enlarge ) THQ Inc. (NASDAQ:THQI) held up well in the weak market. Short term, I'm looking for a bounce on THQI...
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Expedia Breaking To Session Highs
Monday, June 13, 2011 - 2:07pm | 79Expedia, Inc. (NASDAQ: EXPE) shares are breaking towards session highs, as the equity markets have moved towards session highs. At last check, shares of Expedia were up 66 cents to $27.66, a gain of 2.44% on more than 2.2 million shares. The company is currently in the process of splitting itself...
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Amazon.com (AMZN), Pharmasset (VRUS) Look Set for More Downside
Monday, June 13, 2011 - 9:00am | 298Amazon.com, Inc. (AMZN) – spent all of last week consolidating beneath its key moving averages which forecast another move lower. We can anticipate a move down to prior minor support at 175 and than potentially to major support at 160 over time. Best entry would be at or near 189 with tight stops...