Editor’s Note: Next Tech Talk report appears on Monday May 23rd. Canadian markets are closed for the Victoria Day holiday, but U.S. equity markets are open Pre-opening Comments for Friday May 20th 2011 U.S. equity index futures are lower this morning. S&P 500 futures are down 3 points in pre-opening trade. Volume in North [...]
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Yet again, earnings have the power to sway the markets. Of the 672 stocks analyzed on the S&P 500 and TSE, 510 advanced, 155 declined, and the last 7 remained “un-swayed”. The stochastics on the analyzed securities continue to lean towards overbought, however just as many stocks are starting new upward trends which will continue [...]
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Technical Comments on Equities in Today’s News Biovail Corporation (NYSE:BVF $13.70) upgraded by Credit Suisse from Neutral to Outperform. Biovail currently has a positive technical profile. Intermediate technical trend is up. The stock trades above its 200 day moving average and this morning moved above its 50 day moving average. Resistance exists at $14.15. Short [...]
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