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Friday, June 28, 2013

Today's Earnings Preview: (NASDAQ: BBRY), (NASDAQ: FINL)

Shares of Research in Motion Ltd fell by 25.03% or $-3.625/share to $10.86. In the past year, the shares have traded as low as $6.22 and as high as $18.32. On average, 59398400 shares of BBRY exchange hands on a given day and today's volume is recorded at 102901824. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $12.56 area where the stock may encounter resistance.

Finish Line Inc (NASDAQ: FINL) is expected to earn $0.16 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.13 per share to as high as $0.19 per share. For the same quarter last year, the company earned $0.24 per share. Revenues are expected to come in at $343.01M. Shares of Finish Line Inc traded higher by 4.87% or $1.032/share to $22.23. In the past year, the shares have traded as low as $16.87 and as high as $24.90. On average, 739219 shares of FINL exchange hands on a given day and today's volume is recorded at 1594472. 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 $19.19 area.