Options Trading News

August 29, 2012  Wed 7:34 AM CT


Second-Quarter Results Miss Expectations

Dycom Industries earned $0.39 a share on revenue of $318 million. Analysts had expected $0.41 and $323.7 million, respectively. DY plunges 15 percent before the bell on my tradeMONSTER platform.

Bears Torpedo Frontline

Frontline reported a second-quarter loss of $0.14 a share, worse than the $0.05 feared by the Street. The oil tanker company also said that third-quarter results will be even worse as it waits for signs of its business improving. FRO drops 7 percent in early trading.

Jos A Bank Climbs on Strong Results

Jos A Bank earned $0.83, beating the $0.73 consensus estimate. Revenue of $260 million beat the $251 million average estimate. JOSB is up 12 percent in the premarket.

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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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