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Saturday, March 24, 2012

Among The Highest Weekly Gains: (AKO-A), (WES), (BTM), (MR), (BIDU)

The following stocks were among the best performers for the week: Embotelladora Andina S.A, Western Gas Partners LP, Brasil Telecom S.A, Mindray Medical International Limited, and Baidu, Inc.

Shares of Embotelladora Andina S.A (AKO-A) had a total return gain of 7.43% for the week and are currently trading at $26.9. In the past year, the shares have traded as low as $19.08 and as high as $26.42. On average, 8760 shares of AKO-A exchange hands on a given day and today's volume is recorded at 2400. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $24.46 area where the stock will likely see buying pressure.

Shares of Western Gas Partners LP (WES) had a total return gain of 6.83% for the week and are currently trading at $47.55. In the past year, the shares have traded as low as $30.07 and as high as $47.48. On average, 203030 shares of WES exchange hands on a given day and today's volume is recorded at 207382. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $43.24 area where the stock will likely see buying pressure.

Shares of Brasil Telecom S.A (BTM) had a total return gain of 6.43% for the week and are currently trading at $21.01. In the past year, the shares have traded as low as $16.07 and as high as $31.85. On average, 197310 shares of BTM exchange hands on a given day and today's volume is recorded at 1060994. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $20.81 area.

Shares of Mindray Medical International Limited (MR) had a total return gain of 6.35% for the week and are currently trading at $33.64. In the past year, the shares have traded as low as $20.97 and as high as $33.39. On average, 517690 shares of MR exchange hands on a given day and today's volume is recorded at 440963. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $29.85 area where the stock will likely see buying pressure.

Shares of Baidu, Inc (BIDU) had a total return gain of 6.05% for the week and are currently trading at $144.32. In the past year, the shares have traded as low as $100.94 and as high as $165.96. On average, 5849890 shares of BIDU exchange hands on a given day and today's volume is recorded at 6021630. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $133.46 area where the stock will likely see buying pressure.