Options Trading News

October 24, 2013  Thu 7:32 AM CT

Earnings, Revenue Beat the Street

Ford Motor earned $0.45 a share in its third quarter on sales of $36 billion. Analysts had only expected $0.41 and $34 billion, respectively. F has its engines revving and is up 4 percent before the opening bell on my tradeMONSTER platform!

Shire Earnings Beat, Outlook Raised

British drugmaker Shire earned $1.77 a share, beating the $1.65 consensus estimate. Management also said that profit will rise in the mid- to high teens, up from an earlier forecast for double-digit growth. SHPG climbs 7 percent in the pre-market.

Sellers Hit Symantec After Report

Symantec's earnings beat the Street, but revenue of $1.64 billion missed the $1.69 billion estimate. Guidance was also subpar, with the current quarter's top line seen at $1.67 billion or less and profit of no more than $0.43 a share. Analysts expected $1.79 billion and $0.51, respectively. SYMC drops 14 percent on the news.
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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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