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Thursday, March 22, 2012

Moving After The Close: (TEA), (MAS), (IDIX), (FOE), (QEP)

Teavana Holdings, Inc. (NYSE: TEA): traded higher by 3.03% or $0.64/share in after hours trading to $21.63. In today's trading session, TEA fell by 5.87% or $-1.31/share to $20.99. In the past year, the shares have traded as low as $14.28 and as high as $29.35. On average, 228002 shares of TEA exchange hands on a given day and today's volume is recorded at 304591. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $22.86 represents resistance and the 200-day moving average of $20.38 would be an area of support.

Masco Corporation (NYSE: MAS): traded higher by 2.62% or $0.36/share in after hours trading to $14.10. In today's trading session, MAS fell by 2.55% or $-0.36/share to $13.74. In the past year, the shares have traded as low as $6.60 and as high as $14.43. On average, 6758830 shares of MAS exchange hands on a given day and today's volume is recorded at 4839356. 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 $12.39 area where the stock will likely see buying pressure.

Idenix Pharmaceuticals Inc. (NASDAQ: IDIX): traded higher by 3.25% or $0.33/share in after hours trading to $10.49. In today's trading session, IDIX fell by 3.15% or $-0.33/share to $10.16. In the past year, the shares have traded as low as $2.82 and as high as $15.25. On average, 2357540 shares of IDIX exchange hands on a given day and today's volume is recorded at 862039. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $11.62 represents resistance and the 200-day moving average of $8.57 would be an area of support.

Ferro Corp. (NYSE: FOE): traded higher by 5.88% or $0.35/share in after hours trading to $6.30. In today's trading session, FOE fell by 5.56% or $-0.35/share to $5.95. In the past year, the shares have traded as low as $4.27 and as high as $17.84. On average, 983539 shares of FOE exchange hands on a given day and today's volume is recorded at 821667. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $6.44 represents resistance and the 200-day moving average of $6.20 would be an area of support.

QEP Resources, Inc. (NYSE: QEP): traded higher by 4.79% or $1.46/share in after hours trading to $31.91. In today's trading session, QEP fell by 4.58% or $-1.46/share to $30.45. In the past year, the shares have traded as low as $23.56 and as high as $45.20. On average, 1810120 shares of QEP exchange hands on a given day and today's volume is recorded at 1820923. 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 $31.83 area where the stock will likely see buying pressure.