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Monday, June 24, 2013

Today's Earnings Preview: (NYSE: AH), (NYSE: MSM)

Accretive Health Inc (NYSE: AH) is expected to earn $0.09 per share for quarter ended Dec 12. Estimates from Wall Street analysts ranged from as low as $0.07 per share to as high as $0.10 per share. For the same quarter last year, the company earned $0.17 per share. Revenues are expected to come in at $236.49M. Shares of Accretive Health Inc fell by 2.87% or $-0.31/share to $10.51. In the past year, the shares have traded as low as $8.55 and as high as $14.19. On average, 472697 shares of AH exchange hands on a given day and today's volume is recorded at 223577. 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 $11.03 area but be careful because the stock may face selling pressure at this level.

MSC Industrial Direct Co Inc (NYSE: MSM) is expected to earn $0.98 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.92 per share to as high as $1.00 per share. For the same quarter last year, the company earned $1.10 per share. Revenues are expected to come in at $637.07M. Shares of MSC Industrial Direct Co Inc fell by 1.66% or $-1.3/share to $76.91. In the past year, the shares have traded as low as $61.39 and as high as $87.92. On average, 382420 shares of MSM exchange hands on a given day and today's volume is recorded at 273171. 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 $80.29 area where the stock may encounter resistance.