Options Trading News

January 4, 2013  Fri 7:30 AM CT

Workforce to Be Downsized

Business isn't going as hoped at medical-device maker Accuray. The company forecast a big loss for fiscal 2013 and said that revenue will be no more than $330 million. That's well below the $406 million consensus number, and ARAY is down 24 percent before the bell on my tradeMONSTER platform.

Finish Line Profit Misses the Mark

Finish Line announced breakeven profit in the third quarter, while analysts had expected $0.11 on a per-share basis. Guidance was also weak for the current quarter, and FINL is dropping almost 8 percent in the premarket.

Sonic Drops on Weak Sales

Sonic reported inline profit in its first quarter, but revenue was just $126 million. That missed the $126.36 million estimate for the hamburger chain. SONC, which tested a 52-week high yesterday ahead of the report, is down 5 percent in early trading today.
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The art of trading

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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