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Wednesday, July 10, 2013

An Earnings Preview: (NYSE: ADX), (NASDAQ: PSMT)

Shares of Adams Express Co traded higher by 0.25% or $0.0299/share to $12.16. In the past year, the shares have traded as low as $10.01 and as high as $12.50. On average, 153279 shares of ADX exchange hands on a given day and today's volume is recorded at 46880. 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 $12.06 area where the stock will likely see buying pressure.

PriceSmart Inc (NASDAQ: PSMT) is expected to earn $0.64 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.63 per share to as high as $0.66 per share. For the same quarter last year, the company earned $0.52 per share. Revenues are expected to come in at $568.33M. Shares of PriceSmart Inc fell by 1.76% or $-1.64/share to $91.67. In the past year, the shares have traded as low as $65.29 and as high as $93.83. On average, 128256 shares of PSMT exchange hands on a given day and today's volume is recorded at 98837. 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 $87.64 area where the stock will likely see buying pressure.