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October 28, 2013  Mon 7:36 AM CT

BMY: SEE CHART GET CHAIN FIND STRATEGIES
Chinese Firms Miss Expectations

The Beijing-based web portal reported an unexpected third-quarter loss of $65 million, citing higher costs and a special dividend. Even worse was disappointing numbers from Sohu's online-game subsidiary Changyou.com, which missed earnings expectations. SOHU is down more than 9 percent to $74, while CYOU plunging about 16 percent to $30 in the pre-market.


Bristol-Myers Higher on Upgrade

The drug developer was upgraded by Morgan Stanley to "overweight" from "equal weight" with a price target of $60, raised from $45. Bristol-Myers Squibb pulled back after reporting quarterly results last week but is bouncing this morning. BMY is up nearly 3 percent to $50.19 on tradeMONSTER's extended-hours platform.
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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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