Fast Movers: Stocks up 20% in a Week - Trading Goddess

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Fast Movers: Stocks up 20% in a Week
Nov 01, 2009 03:14 PM UTC

Trading Goddess

Return	Risk
-46.13%	HIGH

Sr. Analyst

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
OESX	n/a
REV	n/a
EPS	n/a
QTM	n/a
WSII	n/a

Via Trading Goddess:

What a week! The spiders lost 4.18% on the heaviest weekly volume since May. They finished at the bottom of their weekly price range, undercutting their rising 50dma. Not surprisingly only 5 stocks made the list of 20%+ movers in a week. None of them had already been doubled in the 6 months preceding their last big move. If you are curious how many were down more than 20% during the last week, the number is 105. The SPY has been below its declining 5dma since Monday. Every time this is the case, it is better to ignore any new signals for long swing trades and it is safer to concentrate on intraday trades (both long and short).

So what was a common characteristic among our 5 stocks that managed to survive the bearish attacks?

Waste Services, Inc. adjusted its fiscal 2009 outlook and expects earnings per share (EPS) in the range of $0.43-$0.45. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.32 for the same period. (this is huge: raised guidance 30% above analysts’ estimates and the market responded favorably by bidding up the price premarket.)<o:p></o:p>

Waste Services Inc. (NASDAQ: WSII) reports Q3 EPS of $0.15, 4 cents better than the estimate of $0.11. Revenue for the quarter was $112.46 million, which compares to the estimate of $112.10 million.<o:p></o:p>

Peet's Coffee & Tea Inc. (Nasdaq: PEET) reports Q3 EPS of $0.19, 3 cents better than the estimate of $0.16. Revenue for the quarter was $73.9 mil. vs an estimate of $71.9 mil.

Peet's Coffee & Tea raises FY09 EPS to $1.04-$1.06, versus the consensus of $1.00.

Peet's Coffee & Tea sees FY10 of $1.24-$1.30, versus the consensus of $1.16.

Revlon (REV) reports Q3 EPS of $0.45 vs an estimate of ($0.16).

Revenue for the Q was $326.2 mil. vs an estimate of $313.5 mil.

Reuters reported that shares of Revlon increased sharply as it swung to a

quarterly profit on a continuing operations basis, helped by cost cuts.

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Orion Energy (OESX) reports Q3 loss of ($0,03), 7 cents better than the estimate of ($0.10).

Revenue for the quarter was $14.6 mil. vs an estimate of $13.92 mil.

Next Q revenues are anticipated between 16.5 and $18 mil.

EPS are estimated between ($0.03) and a gain of $0.01 vs consensus for a loss of ($0,05).

Quantum Corporation (QTM) reports Q2 EPS of $0.06, $0.11 ex-items vs an estimate of $0.04.

Revenue for the quarter was $175 mil vs estimate of $164 mil.

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