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Saturday, March 24, 2012

Strong Weekly Gains: (FOSL), (PII), (PCLN), (ULTA), (DFS)

The following stocks were among the best performers for the week: Fossil, Inc, Polaris Industries, Inc, priceline.com Incorporated, Ulta Salon, Cosmetics & Fragrance, Inc, and Discover Financial Services.

Shares of Fossil, Inc (FOSL) had a total return gain of 6.01% for the week and are currently trading at $133.17. In the past year, the shares have traded as low as $69.57 and as high as $134.99. On average, 1256640 shares of FOSL exchange hands on a given day and today's volume is recorded at 672423. 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 $110.59 area where the stock will likely see buying pressure.

Shares of Polaris Industries, Inc (PII) had a total return gain of 5.92% for the week and are currently trading at $70.54. In the past year, the shares have traded as low as $40.01 and as high as $70.31. On average, 754820 shares of PII exchange hands on a given day and today's volume is recorded at 1659706. 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 $65.59 area where the stock will likely see buying pressure.

Shares of priceline.com Incorporated (PCLN) had a total return gain of 5.85% for the week and are currently trading at $714.99. In the past year, the shares have traded as low as $411.27 and as high as $713.56. On average, 844880 shares of PCLN exchange hands on a given day and today's volume is recorded at 1031680. 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 $582.90 area where the stock will likely see buying pressure.

Shares of Ulta Salon, Cosmetics & Fragrance, Inc (ULTA) had a total return gain of 5.61% for the week and are currently trading at $93.55. In the past year, the shares have traded as low as $45.98 and as high as $93.88. On average, 763200 shares of ULTA exchange hands on a given day and today's volume is recorded at 738743. 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 $82.25 area where the stock will likely see buying pressure.

Shares of Discover Financial Services (DFS) had a total return gain of 5.55% for the week and are currently trading at $33.83. In the past year, the shares have traded as low as $20.37 and as high as $33.20. On average, 5173260 shares of DFS exchange hands on a given day and today's volume is recorded at 13371835. 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 $29.24 area where the stock will likely see buying pressure.