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Stock Market & Financial Investment News

News Breaks
November 6, 2012
10:09 EDTCSCCSC gaps up and spikes higher after results and guidance, bullish pattern
The shares are up nearly 16% at time of writing following earnings this morning that came in at 83 cents for the company's Q2, including restructuring charges, against expectations of 47 cents. It also raised its fiscal year 2013 view to a range of $2.30 to $2.50 per share versus consensus of $2.24. The move up today has triggered a bullish price pattern on the weekly chart, a bullish flag, that has upside potential to the $41 area, presuming the pattern remains active and completes. Current resistance is at $37.18. Support is at $35.68.
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