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May 1, 2013  Wed 7:32 AM CT

DWA: SEE CHART GET CHAIN FIND STRATEGIES
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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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  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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