Stocks On The Move - July 27

Stocks Rise on Heavy Volumn:

• Akamai Technologies (AKAM): shares of Cambridge, MA based Internet content delivery service provider surged 22.77% to new 52 week high of $36.83 per share on analyst upgrade as the company posted better than expected second quarter profit. The technical chart shows this a strong growing stock as both 50 day and 200 day moving average have been going up and brought the stock from $15 per share a year ago to more than doubled today. With 50 day moving average been flat since June and MACD currently below 0, there could be some profit taking as the stock is now slightly weak. However the strong result should be able to push the stock up further in the future and bring the stock back to strong bull market again. The stock was the sixth leading gainer on Nasdaq today with 17.5 million shares traded.

Stocks Drop on Heavy Volumn:

• Dura Automotive Systems Inc. (DRRA): bad news keeps hitting hard on the Rochester Hills, Michigan based Dura Automotive as the company today posted second quarter loss of $131 million compared to profit of $3 million in the previous year. Shares were hammered 55% to all time low of 69 cents per share. There were buyers buying the stock at discount so do expect the stock to go higher for the next few trading sessions. However the stock remains very weak so it is not the time to buy the stock for the long term. For the short term the stock could go thru some volatile sessions. The stock was the worst of the day with 6 million shares traded.
• NAVTEQ Corp. (NVT): shares of Chicago, Illinois based digital map maker plunged 24.48% to new 52 weeks low of $24.5 per share due to weak second quarter earning on slumping sales of in-car navigation systems. With ROC at record low oversold level we could see some bounce back at least for the next few days. The stock was the third leading decliner on NYSE today with 13.6 million shares traded or 10 times average volumn.