As an investor the most important information you would be looking for is the actual reason behind the surge or a fall in a certain stock. We at Wall Street Resource present not only reasons behind a certain surge but also give you an insight that how accurate and strong a certain surge or a fall is in certain stock movement.
Insight on NASDAQ Top Bulls on Friday 10th June, 2011 is as follows:
YRC Worldwide Inc (NASDAQ:YRCW) surged 17.54 percent to$0.670 on Friday’s trading session. The bullish movement of the share price seems strong as its volume numbers supports it. The traded volume stood at 3.93 million shares as compared to its average traded volume of 1.91 million shares per day. Moreover, if compare moving averages the short term 5-days simple moving average sharply crossed the long term 30-days moving average which indicates a strong upward movement.
Chelsea Therapeutics International Ltd (NASDAQ:CHTP) was also among the top gainers at NASDAQ on Friday and jumped 13.10 percent to $4.75. Likewise CHTP also gained with relatively high volume of 4.18 million shares as compared to its average traded volume of 507,201 shares per day. Comparison of moving averages did indicated major upward jumps on its last trading session but it seems that is more of temporary and stability in the share price at these levels is expected.
Verigy Ltd (NASDAQ:VRGY) soared 10.90 percent to close at $14.96 on Friday. Verigy remained highly active with traded volume of 43.27 million shares while its average volume figure stands at 2.41 million shares per day. A major upward change is indicated if compare moving averages, however now the most technical analysis indicators such as MACD depicts that the share price will move in much more stable trend.
The share price has moved on the news of acquisition attempt by Advantest Corp which is offering $15 for each share of Verigy Ltd. The share price has already moved up to that level and further capital gains above the price level of $15 are very unlikely.
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