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Friday, March 23, 2012

Top Gainers: (NASDAQ: MDSO), (NYSE: ESL), (AMEX: NSU), (NYSE: MWW), (NYSE: EGY)

Medidata Solutions, Inc. (NASDAQ: MDSO): traded higher by 9.18% or $2.285/share to $27.18. In the past year, the shares have traded as low as $14.07 and as high as $26.53. On average, 332675 shares of MDSO exchange hands on a given day and today's volume is recorded at 333045. 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 $21.77 area where the stock will likely see buying pressure.

Esterline Technologies Corp. (NYSE: ESL): traded higher by 8.39% or $5.73/share to $74.00. In the past year, the shares have traded as low as $47.48 and as high as $82.28. On average, 224635 shares of ESL exchange hands on a given day and today's volume is recorded at 1054647. 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 $66.03 area where the stock will likely see buying pressure.

Nevsun Resources Ltd. (AMEX: NSU): traded higher by 8.31% or $0.27/share to $3.52. In the past year, the shares have traded as low as $3.12 and as high as $7.30. On average, 873541 shares of NSU exchange hands on a given day and today's volume is recorded at 437466. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.11 area but be careful because the stock may face selling pressure at this level.

Monster Worldwide, Inc. (NYSE: MWW): traded higher by 7.48% or $0.71/share to $10.20. In the past year, the shares have traded as low as $6.34 and as high as $18.47. On average, 4237320 shares of MWW exchange hands on a given day and today's volume is recorded at 5930426. 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 $8.0536 area.

Vaalco Energy Inc. (NYSE: EGY): traded higher by 7.39% or $0.65/share to $9.45. In the past year, the shares have traded as low as $4.57 and as high as $9.22. On average, 773692 shares of EGY exchange hands on a given day and today's volume is recorded at 700819. 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 $7.82 area where the stock will likely see buying pressure.