Stocks On The Move - August 17
Stocks Rise on Heavy Volumn:
- Salesforce.com (CRM): shares of San Francisco, CA based customer relationship management(CRM) service provider soared 19% to $33.7 per share on strong second quarter result which topped Wall Street's expetations. Now with MACD back above 0 and KD still rising the stock could be back to bull market. The stock was the second leading gainer on NYSE today with 13.7 million shares traded.
- Advanced Micro Devices Inc. (AMD): the world's second leading CPU maker saw its stock surged 7.22% to $24.76 per share on analyst upgrade on improving outlook. The stock has been rising as K line is climbing on top of D line indicating buy signal. If MACD can be back above 0 we will be back to bull market. Now that ROC is showing the stock is overbought there's a chance of profit taking. The stock was the second heaviest traded and nineth best performer on NYSE today with 49 million shares traded.
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