Stocks On The Move - August 7

Stocks Rise on Heavy Volumn:

• Andrew Corp. (ANDW): shares of Westchester, Illinois based communication equipment maker soared 21.17% to $9.56 per share on buyout by CommScope for $1.51 billion or $9.5 per share. This was a counter offer of ADC's $6.97 per share bid. The stock was the fifth leading gainer on Nasdaq today with 34.3 million shares traded, the seventh heaviest traded on Nasdaq.
• AES Corp.(AES): shares of Arlington, Virgina based electric power company surged 9.97% to $20.07 per share as the company's second quarte rprofit almost doubled on surging revenue from all its businesses. The stock has been on uptrend this year with MACD still above 0 indicating bull market. Do expect the stock to rise much higher as KD is about to rise again. The stock was the third biggest winner on NYSE today with 10.3 million shares traded.

Stock Drop on Heavy Volumn:

• Hansen Natural Corp. (HANS): shares of Corona, CA based beverages maker plunged 25.84% to $29.85 per share after the company reported second quarter earnings that didn't surpass analysts estimation and failed to impress investors. The decline which began last Thursday ended the rally which began in 2003 at $4 per share and went as high as $210 per share. With the 2 for 1 split in August of 2005, this rally gave happy investors 10,400% return in just three years. The stock is now back at 200 day moving average with ROC now showing stock is being oversold. However with MACD now below 0, the downtrend for the high flying stock is probably coming. The stock was the second biggest loser and the third heaviest traded on Nasdaq today with 45 million shares traded.
• Mylan Laboratories Inc. (MYL): shares of Canonsburg, PA based drug maker tumbled 13.43% to $19.92 on analyst downgrade citing competition concern for a painkiller. From the technical point of view the stock became weak in mid June when 50 day moving average dropped below 200 day moving average to form death cross - a bearish signal. Although rising KD has sparked rally in the second half of July, today's sell-off has pushed the stock back to support at $20 per share. The stock was the second leading decliner on NYSE today with 17 million shares exchanged hands.