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Thursday, March 29, 2012

Top Gainers: (NYSE: PSS), (NYSE: RHT), (NYSE: MOV), (NASDAQ: ILMN), (NYSE: LF)

Collective Brands, Inc. (NYSE: PSS): traded higher by 8.87% or $1.635/share to $20.08. In the past year, the shares have traded as low as $9.11 and as high as $23.16. On average, 1578180 shares of PSS exchange hands on a given day and today's volume is recorded at 561227. 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 $17.98 area where the stock will likely see buying pressure.

Red Hat, Inc. (NYSE: RHT): traded higher by 7.75% or $3.985/share to $55.38. In the past year, the shares have traded as low as $31.77 and as high as $54.01. On average, 1611390 shares of RHT exchange hands on a given day and today's volume is recorded at 578828. 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 $50.00 area where the stock will likely see buying pressure.

Movado Group, Inc. (NYSE: MOV): traded higher by 6.24% or $1.39/share to $23.66. In the past year, the shares have traded as low as $10.93 and as high as $22.65. On average, 152510 shares of MOV exchange hands on a given day and today's volume is recorded at 20413. 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 $21.14 area where the stock will likely see buying pressure.

Illumina Inc. (NASDAQ: ILMN): traded higher by 4.64% or $2.314/share to $52.19. In the past year, the shares have traded as low as $25.57 and as high as $79.40. On average, 3115380 shares of ILMN exchange hands on a given day and today's volume is recorded at 5931013. 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 $51.26 area where the stock will likely see buying pressure.

LeapFrog Enterprises Inc. (NYSE: LF): traded higher by 4.03% or $0.329/share to $8.49. In the past year, the shares have traded as low as $2.57 and as high as $8.48. On average, 797381 shares of LF exchange hands on a given day and today's volume is recorded at 40040. 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 $7.37 area where the stock will likely see buying pressure.