Options Trading News

April 30, 2013  Tue 7:32 AM CT


Earnings, Revenue Miss

Nuance Communications earned just $0.34 a share in the second-quarter on revenue of $484 million. Analysts had expected $0.40 and $516.5 million, respectively. NUAN drops 12 percent before the bell on my tradeMONSTER platform.

Weak Government Spending Hurts Riverbed

Riverbed Technology earned $0.23 a share in the first quarter on revenue of $246 million. That misses the $0.24 profit estimate and $261 million revenue expected by analysts. The networking company blamed weak government and corporate spending. RVBD falls 6 percent in the premarket.

Pfizer Reports Disappointing Quarter

Pfizer reported first-quarter profit of $0.54, missing the $0.55 consensus estimate. Revenue of $13.5 billion also missed the $13.99 billion Street number. PFE drops more than 3 percent in early trading.

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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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