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Saturday, March 24, 2012

Bulls Taking Control?: (SUSS), (BGC), (MDF), (BUD), (LQDT)

These stocks, Susser Holdings Corporation, General Cable Corp, Metropolitan Health Networks Inc, Anheuser-Busch InBev, and Liquidity Services, Inc, have been showing upward channel patterns on March 24. This pattern is short-term bullish as the stock rises within the ascending channel, but these patterns form long downtrends as a continuation pattern. The stock displays an upward tilt and is controlled by two parallel lines. The lower line connects two consecutive higher lows. The higher line connects to consecutive higher highs. As the price hits the lower line, it bounces up to the higher line which acts as a resistance line. Investors may want to consider investing when the price hits the lower line for short-term bounce plays.

Shares of Susser Holdings Corporation (SUSS) traded higher by 2.23% or $0.56/share to $25.68. In the past year, the shares have traded as low as $12.83 and as high as $27.99. On average, 134540 shares of SUSS exchange hands on a given day and today's volume is recorded at 92529.

Shares of General Cable Corp (BGC) traded higher by 0.95% or $0.27/share to $28.63. In the past year, the shares have traded as low as $20.21 and as high as $49.32. On average, 803050 shares of BGC exchange hands on a given day and today's volume is recorded at 666583.

Shares of Metropolitan Health Networks Inc (MDF) traded higher by 0.55% or $0.05/share to $9.15. In the past year, the shares have traded as low as $3.79 and as high as $9.15. On average, 320590 shares of MDF exchange hands on a given day and today's volume is recorded at 260864.

Shares of Anheuser-Busch InBev (BUD) fell by 0.65% or $-0.47/share to $72.15. In the past year, the shares have traded as low as $49.05 and as high as $72.70. On average, 1142030 shares of BUD exchange hands on a given day and today's volume is recorded at 823493.

Shares of Liquidity Services, Inc (LQDT) traded higher by 0.62% or $0.29/share to $46.69. In the past year, the shares have traded as low as $15.60 and as high as $47.88. On average, 407790 shares of LQDT exchange hands on a given day and today's volume is recorded at 194047.