WALL STREET GETS BOOST FROM EARNING REPORTS.
In general earning are better than expectations. I would like to point out some of the companies I recommended in the past.
Huntington Bancshares Inc (HBAN:$6.558,0$0.728,012.49%) rose to $6.60 at 2:07 PM ET on April 21, 2010 in heavy volume of 99,066,982 shares. The bank reported earning of $0.01 better than expected.
Hovnanian Jumps Nearly 12% on Reported $1 Mil Settlement 04/21 08:57 AM
-- Hovnanian (HOV:$6.33,00$0.68,0012.04%) is up after news on Tuesday that the company will pay a $1 million civil penalty to settle allegations it violated the Clean Water Act at nearly 600 construction sites around the United States, U.S. authorities said.
Seagate shares rise following better earnings, levels to watch 04/21 06:02 AM
The stock is up nearly 5% in the pre-market, following better than expected earnings news announced last night after market close. The move above the $20 level has broken the stock above resistance at the 50-day moving average. This is bullish price behavior. Resistance levels to watch as potential upside objectives are at $20.70, $21.02, $21.35, $21.70, $22.08. Support is at $20.02, and $19.69.