Stocks On The Move - July 21

Stocks Rising On Heavy Volumn:

• Johnson Controls Inc. (JCI): shares of Milwaukee, Wisconsin based Johnson Controls bounced back up 8.91% to $77.65 per share after shares plunged 12% in the previous session due to lowered guidance. The stock was the second leading gainer on NYSE today with 5.7 million shares traded. Although the surge looks really positive it is better to wait for few days before make any decision about the stock as the heavy volumn today could mean that buyers in the previous session took profit.

Stocks Dropping On Heavy Volumn:

• PMC-Sierra Inc. (PMCS): shares of Santa Clara, CA based communication semiconductors maker plunged 26.36% or $1.84 to 52 weeks low of $5.14 per share on analyst downgrade after the company reported a net loss in the second quarter compared to net income in the previous year due to charges. The stock should be expected to rebound for the next few days on bargain hunting. However the long term trend of the stock is still heading down based on two year chart. The stock was the third leading decliner and the nineth heaviest traded on Nasdaq today with 49 million shares traded.
• Advanced Micro Devices Inc. (AMD): the world's second largest CPU maker behind Intel tumbled 15.66% to 52 weeks low of $18.26 per share after the company's second quarter net income missed the Street's estimate due to price war. The stock would remain weak for some time as 50 day moving average is below 200 day moving average. The stock was the biggest loser and the third heaviest traded on NYSE today with 41 million shares traded.