Each day we write a few articles covering stocks making key technical developments.

Micron Technology Inc testing support (NASDAQ:MU)

by Josh Articles

Shares of Micron Technology Inc. ($MU) traded below the 50 day moving average on heavy volume last session. Today shares opened slightly up, traded back up to the 50 day moving average before falling lower currently at $12.43 on a volume of 24,185,300 shares.

Shares are testing the July lows today, which are the nearest support. Shares are currently trading 38% above the 200 day moving average, last at $8.99 per share.

If support is broken bearish traders would expect have some additional downside catalysts in play.

52 Week Range $5.16-$14.60
Market Cap 12,949,784,647
Average Volume 42,613,151
Dividend Yield 0.00%
Institutional Ownership 97.00%
Insider Ownership: 1.50%
Percentage of Float Short 7.70%
Beta 1.11

Micron Technology Inc. Micron Technology, Inc. is a global manufacturer and marketer of DRAM, NAND Flash memory, CMOS image sensors and other semiconductor components. It has two segments, Memory and Imaging.

Renren bouncing off the 200 day on strong volume (NYSE:RENN)

by Josh Articles

Shares of Renren ($RENN) are bouncing off the 200 day moving average today. The 200 day moving average is a well respected longer term resistance line. A confirming retest of the the 200 day will further confirm today’s move above the long term resistance.

Volume is heavy today, with 1,296,860 million shares traded so far today, putting Renren ($RENN) on track to trade well above the average volume of 1.9 million shares.

Renren ($RENN) is currently at $3.32 up $.10 per share (+3%). Shares have been coiling in a symmetrical triangle since May and are testing that trend line today providing bullish traders a key resistance line to watch over the next few days.

52 Week Range $2.52-$4.33
Market Cap 1,260,330,681
Average Volume 2,520,948
Dividend Yield 0.00%
Institutional Ownership 2.10%
Insider Ownership: 0.00%
Percentage of Float Short 1.60%
Beta 3.52

Renren Renren Inc is engaged in the operation of social networking internet platform, as well as provision of online advertising services and internet value-added services, including online gaming operations, online talent show and other IVAS, among others.

Symmetrical triangle in shares of Youku Tudou (NYSE:YOKU)

by Josh Articles

Youku Tudou ($YOKU) breaking to the upside. Youku Tudou is up 6.15% at $21.88 on a volume of 2,066,670 shares. Shares are breaking out of the symmetrical triangle that has defined the price action year to date.

Volume has already surpassed the daily average with 2,066,670 shares having already traded here in the noon hour, putting Youku Tudou ($YOKU) on track to trade a double the average volume today.

52 Week Range $13.82-$25.24
Market Cap 3,556,348,530
Average Volume 1,778,561
Dividend Yield 0.00%
Institutional Ownership 61.50%
Insider Ownership: 0.00%
Percentage of Float Short 5.40%
Beta 3.09

Youku Tudou ($YOKU) shares are right above the 50 and 200 day moving averages.

Youku Tudou Youku Tudou Inc is an Internet television company in China. Its internet television platform enables consumers to search, view and share high-quality video content quickly and easily across multiple devices.

Warner Chilcott breaking to the upside (NASDAQ:WCRX)

by Josh Articles

Warner Chilcott plc ($WCRX) is continue the move to the upside. Warner Chilcott shares are up 2.31% at $20.86 on a volume of 3,078,000 shares. Warner Chilcott plc continues to trade along the upper edge of the price envelope.

Shares are breaking out of the ascending triangle that has defined the price action the past few months. Ascending triangles are bullish continuation patterns with found in an up trending stock. Volume is slightly above average with the average daily volume of 5.5 million shares.

52 Week Range $10.85-$20.75
Market Cap 5,263,877,506
Average Volume 6,525,185
Dividend Yield 2.45%
Institutional Ownership 97.00%
Insider Ownership: 3.90%
Percentage of Float Short 2.70%
Beta 1.25

Warner Chilcott plc is above both the 50 day and the 200 day moving average.

Warner Chilcott plc Warner Chilcott is a pharmaceutical company currently focused on the gastroenterology, women’s healthcare, dermatology and urology segments of the North American and Western European pharmaceuticals markets.

F5 Networks Island Reversal (NASDAQ:FFIV)

by Josh Articles

F5 Networks Inc. ($FFIV) shares are breaking to the upside today on strong volume. F5 Networks Inc. is up 10.54% at $90.00 on a volume of 5,413,210 shares already trading over 3 times the normal daily volume of 1,666,310 shares here shortly after the noon hour.

F5 Networks ($FFIV) is gapping up creating an island reversal pattern from April’s gap down in shares. Shares have traded in a wider range since gapping down than typical with an Island reversal (technicals often look for tighter price action in the ‘island’ that what F5 has printed). That said, shares are breaking to the upside on strong volume.

52 Week Range $67.53-$111.58
Market Cap 7,088,773,333
Average Volume 1,715,464
Dividend Yield 0.00%
Institutional Ownership 99.80%
Insider Ownership: 0.70%
Percentage of Float Short 5.80%
Beta 1.40

F5 Networks Inc. is above the 50 day moving average and above the 200 day moving average. These are both bullish indicators.

F5 Networks Inc. F5 Networks provides technology that optimizes the delivery of network-based applications and the security, performance and availability of servers, data storage devices and other network resources.

Mosaic printing a new low for the year (NYSE:MOS)

by Josh Articles

Mosaic Company ($MOS) is hitting a new low for 2013 today. Over the past 52 weeks MOS has traded from a low of $48.29 to a high of $64.65. MOS was last at $52.45 on a volume of 2,901,260 with the average daily volume at 3,216,612 shares, putting MOS on track to trade at about double the average volume.

Shares broke down out of their descending triangle back in June, and rallied in July to retest the prior support before rolling over. Shares are now falling out of their wedge created by the previous low.

52 Week Range $48.29-$64.65
Market Cap 22,347,088,389
Average Volume 3,216,612
Dividend Yield 1.87%
Institutional Ownership 59.30%
Insider Ownership: 0.00%
Percentage of Float Short 0.70%
Beta 1.47

Mosaic Company Mosaic Co is producers and marketers of concentrated phosphate and potash crop nutrients for the global agriculture industry.

Bloomin’ Brands Inc: Headed down under? (NASDAQ:BLMN)

by Josh Articles

Bloomin’ Brands Inc. ($BLMN) tested the 50 day moving average yesterday and has decisively broke the moving average today. Shares are trading near the average volume with a volume of 382,927 shares today. Shares are currently down -2.56% at $23.23, breaking down out of their up trending channel. Earnings are on July 31, after the market closes.

The 200 day moving average is currently at $18.88 with short term support at $22.33 (the top of the May consolidation).

52 Week Range $11.57-$26.71
Market Cap 2,861,125,436
Average Volume 1,059,481
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 0.00%
Percentage of Float Short 2.30%
Beta 1.71

Bloomin’ Brands Inc. Bloomin Brands, Inc is a casual dining restaurant company in the world, with a portfolio of differentiated restaurant concepts.

Silicon Graphics printing another fresh high (NASDAQ:SGI)

by Josh Articles

Silicon Graphics International Corp ($SGI) hit a new 52 week high today. SGI is at $18.51, up 16 cents per share (+.87%) , and has traded in a range from $5.93 to $18.68 over the past 52 weeks. Volume is heavier than normal today, with volume here at 1 PM EST at 249,369 shares with a 50 day average of 375,785 shares.

52 Week Range $5.93-$18.68
Market Cap 626,718,658
Average Volume 375,785
Dividend Yield 0.00%
Institutional Ownership 86.50%
Insider Ownership: 10.30%
Percentage of Float Short 10.90%
Beta 2.54

Silicon Graphics International Corp shares resolved their coil last week, breaking to the upside on strong volume. Earnings are August, 7th, 2013 after the market closes.

Silicon Graphics International Corp Silicon Graphics International Corp provides hardware and software technology within large-scale x86 cluster computing, HPC, Internet, Cloud Computing, large-scale data storage environments and visualization platforms across many verticals & geographies.

Goldcorp (NYSE:GG): Breaking the trend on strong volume

by Josh Articles

Goldcorp Inc. ($GG) shares are breaking out of their price channel on strong volume today. Shares have been in a down trend this year, printing lower highs and lower lows. Today share are trading up $1.71 to $29.04 (+6.3%) on a volume of 5,702,500 shares. Average daily volume has been 7,682,115 shares.

Shares are gapping up after trading up the the 50 day moving average last session. The 200 day moving average is currently overhead at $33.61 per share.

52 Week Range $22.22-$47.42
Market Cap 23,501,875,658
Average Volume 7,682,115
Dividend Yield 2.20%
Institutional Ownership 61.30%
Insider Ownership: 0.00%
Percentage of Float Short 1.00%
Beta 0.69

Goldcorp, Inc., is a gold producer. The Company operates, explores, develops, and acquires precious metal properties in Canada, the United States, Mexico, and Central and South America.

Frontier Communications (NASDAQ:FTR) Testing Resistance

by Josh Articles

Frontier Communications Corporation ($FTR) is breaking above the resistance line in the series of lower highs high higher lows shares have been printing this year. Frontier Communications Corporation is up 1.31% at $4.25 on a volume of 4,470,710 shares. Shares are approaching the 200 day moving average, currently at $4.29

52 Week Range $3.59-$5.15
Market Cap 4,240,450,250
Average Volume 8,932,283
Dividend Yield 9.52%
Institutional Ownership 66.50%
Insider Ownership: 0.80%
Percentage of Float Short 23.70%
Beta 0.55

Frontier Communications Corporation Frontier Communications Corporation provides communication services to rural areas and small and medium-sized towns and cities in the U.S. Its offerings include broadband Internet, digital television service, and computer technical support, among others.

Penn West Petroleum Ltd. (NYSE:PWE) : Breaking above resistance

by Josh Articles

Penn West Petroleum Ltd. ($PWE) is breaking above resistance on heavy volume today. Penn West Petroleum Ltd. is up 4.28% at $12.17 on a volume of 2,405,880 shares, matching the normal daily volume here at the noon hour. Penn West Petroleum Ltd. continues to trade along the upper edge of the price envelope (band).

52 Week Range $8.59-$16.70
Market Cap 5,919,562,294
Average Volume 2,983,230
Dividend Yield 8.80%
Institutional Ownership 46.60%
Insider Ownership: 0.00%
Percentage of Float Short 1.50%
Beta 1.51

Penn West Petroleum Ltd. is above the 50 day moving average and above the 200 day moving average.

Penn West Petroleum Ltd. Penn West Petroleum Ltd is is engaged in the operations of light oil in Canada. It also produces conventional oil and natural gas.

Cubist Pharmaceuticals resolving the coil

by Josh Articles

Cubist Pharmaceuticals Inc. ($CBST) hit a new 52 week high today. CBST is at $56.93, and has traded in a range from $38.53 to $56.68 over the past 52 weeks. Volume was last at 1,381,150 shares with a 50 day average of 1,075,613.

Shares have been coiling since May and appear to be resolving that coil to the upside today. Shares traded down the to 50 day moving average yesterday and are powering higher after earnings were released yesterday after the close.

52 Week Range $38.53-$56.68
Market Cap 3,702,418,995
Average Volume 1,075,613
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 1.20%
Percentage of Float Short 13.30%
Beta 0.59

Cubist Pharmaceuticals Inc. is currently trading above both the 50 day moving average and the 200 day moving average.

Cubist Pharmaceuticals Inc. Cubist Pharmaceuticals, Inc. is engaged in the research, development & commercialization of novel therapies to treat unmet medical needs in acute care environment.

Support at the 200 day: Sherwin-Williams Co (NYSE:SHW)

by Josh Articles

Sherwin-Williams Co. ($SHW) is trading on higher than normal volume today. Sherwin-Williams Co. is down -8.14% at $169.08 on a volume of 3,845,980 shares. That’s already 5.23 times the normal daily volume of 612,182 shares.

Shares have found support at the 200 day (currently sitting at $166.74).

Technical traders look at heavy volume as we see in Sherwin-Williams Co. today to confirm existing or developing signals.

52 Week Range $122.79-$194.56
Market Cap 17,409,013,088
Average Volume 612,182
Dividend Yield 1.09%
Institutional Ownership 90.00%
Insider Ownership: 1.90%
Percentage of Float Short 1.70%
Beta 0.57

Sherwin-Williams Co. Sherwin-Williams Company develops, manufactures, distributes and sells paint, coatings and related products to professional, industrial, commercial and retail customers. Its segments include paint stores group, consumer group and global finishes group.

Coal firing today, a look at Walter Energy Inc

by Josh Articles

Coal is today’s leading industry, with the average coal stock up 3.2% today.

Walter Energy Inc ($WLT) was last at $13.36 (+7.2%) on a volume of 5,834,750 shares. Average daily volume has been 9,107,516 shares, putting Walter Energy Inc ($WLT) on track for double the average share volume today.

Shares are nearing the 50 day moving average, with overhead resistance at $16.25, which served as support before being broken in early June.

Walter Energy Inc ($WLT) shares are still trading below the 200 day moving average giving them a bear market classification. Shares have been oversold, however today’s price action is pulling the Relative Strength Index (RSI) up above 30 and out of their oversold classification.

52 Week Range $9.88-$41.32
Market Cap 835,865,056
Average Volume 9,107,516
Dividend Yield 4.01%
Institutional Ownership 84.20%
Insider Ownership: 2.10%
Percentage of Float Short 38.60%
Beta 2.14

Walter Energy, Inc. is a producer and exporter of metallurgical coal for the global steel industry. It also produces steam coal, coal bed methane gas, metallurgical coke and other related products.

Strong momentum in Bank of America Corp.

by Josh Articles

Bank of America Corp. ($BAC) is continue the move to the upside. Bank of America Corp. is up 2.97% at $14.32 on a volume of 152,820,000 shares. Bank of America Corp. continues to trade along the upper edge [currently outside] of the price envelope.

Shares are currently trading against the top of share’s channel, however breaking the $14 price level (the previous high was $13.99) should provide an upside catalyst and move support to the $14 level.

52 Week Range $6.90-$14.02
Market Cap 154,482,806,494
Average Volume 125,827,654
Dividend Yield 0.29%
Institutional Ownership 61.60%
Insider Ownership: 0.10%
Percentage of Float Short 1.10%
Beta 2.40

Bank of America Corp. is above both the 50 day moving average and the 200 day moving average. These are both bullish indicators.

Bank of America Corp. Bank of America Corporation is a bank holding and a financial holding company, which through its subsidiaries, provides banking and nonbanking financial services and products throughout the United States and in selected international markets.