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Tuesday, July 2, 2013

Services Stocks Jump (KKD) (GES) (PNK) (EGHT) (IRS)

Krispy Kreme Doughnuts (NYSE: KKD): traded higher by 3.79% or $0.6897/share to $18.90. In the past year, the shares have traded as low as $5.96 and as high as $18.69. On average, 1422800 shares of KKD exchange hands on a given day and today's volume is recorded at 577228. 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 $15.84 area where the stock will likely see buying pressure.

Guess?, Inc. (NYSE: GES): traded higher by 0.92% or $0.285/share to $31.24. In the past year, the shares have traded as low as $22.48 and as high as $34.10. On average, 834419 shares of GES exchange hands on a given day and today's volume is recorded at 90678. 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 $30.62 area where the stock will likely see buying pressure.

Pinnacle Entertainment (NYSE: PNK): traded higher by 1.40% or $0.28/share to $20.22. In the past year, the shares have traded as low as $8.92 and as high as $21.19. On average, 937978 shares of PNK exchange hands on a given day and today's volume is recorded at 63986. 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 $19.58 area where the stock will likely see buying pressure.

8x8, Inc. (NASDAQ: EGHT): traded higher by 0.36% or $0.03/share to $8.46. In the past year, the shares have traded as low as $3.80 and as high as $7.95. On average, 846487 shares of EGHT exchange hands on a given day and today's volume is recorded at 78389. 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 $6.88 area where the stock will likely see buying pressure.

Irsa Inversiones y (NYSE: IRS): fell by 0.13% or $-0.01/share to $7.49. In the past year, the shares have traded as low as $6.51 and as high as $9.73. On average, 87775 shares of IRS exchange hands on a given day and today's volume is recorded at 3100. 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 $8.41 area but be careful because the stock may face selling pressure at this level.