Stocks On The Move - July 19
Stocks Rising On Heavy Volumn:
- Lawson Software Inc. (LWSN): the business application software maker for various industries soared 19.82% to $6.77 per share despite a delay in annual report as Deutsche Bank analyst gave bullish comment that the company has lowered investment risk. The stock has reversed its downward trend whic began in April of this year. Buyers saw opportunity as ROC is at oversold level and K line is about to go on top of D line indicating buy signal. The stock was the seventh leading gainer on Nasdaq today with 5.36 million shares traded or four times average volumn.
- Titanium Metals Corp. (TIE): shares of the Dallas, Texas based titanium product maker surged 11.81% today to $28.98 per share on soaring major indices. The technical chart shows its about time for the stock to rise as ROC is at oversold level and K line is about to go on top over D line. Monday would be a critical day as the stock has reached the ceiling. If the stock can keep going higher it may reverse the current downward trend which began in mid May. The stock was the eighth leading gainer on NYSE today with 7 million shares exchanged hands.
Stocks Dropping On Heavy Volumn:
- Yahoo Inc. (YHOO): a strong market didn't help the troubling internet giant as shares of Yahoo Inc plunged 21.84% to two year low of $25.2 per share on disappointing earning where net income lost more than 78% compared to previous year due to stock option expenses. The stock should be expected to rebound at least for the next few days with bargain hunters. The stock was the heaviest traded and the second biggest loser on Nasdaq today with 204 million shares traded.
- Digitas Inc. (DTAS): shares of Boston based marketing service company tumbled 27.66 to two years low of $7.4 per share due to the loss of three major clients including Best Buy, Ameriprise and FedEx due to unsatisfatory customer service. The stock may have a hard time to recover as loss of major client should also have huge impact on future earning which is why investors are rushing out of the doors. The stock was the biggest loser on Nasdaq today with 19 million shares traded.
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