Options Trading News

May 1, 2013  Wed 7:32 AM CT

Profit Surprises the Street

DreamWorks Animation had some bullish call buying last week, and today those trades will be paying off! The movie studio report first-quarter profit of $0.07 a share on revenue of $134.65 million. Analysts had expected a loss of $0.03 on revenue of just $99.35 million. DWA is up 9 percent before the bell on my tradeMONSTER platform.

Top Line Is Weak at Merck

Merck's profit beat consensus, but revenue of $10.67 billion missed the $11.09 billion expected by analysts. Management also sees full-year down by as much as 4 percent. MRK drops almost 5 percent in early trading.

Bankrate Surges on Strong Results

Bankrate reported first-quarter profit of $0.12 a share, versus the $0.09 consensus number. Revenue of $108.4 million also exceeded the $102.6 million expected by analysts. RATE pops 13 percent in the premarket.
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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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