1 August, 2014 by The TZ Newswire Staff Comments Off on TAL Education Stages Upside Reversal
TAL Education Stages Upside Reversal
New highs were in short supply Friday as the market fell for a second straight session. TAL Education Group (XRS) bounced back from early weakness and rose 0.59, or 2%, to 30.04 in heavy trading. For the week, TAL jumped 11%, which snapped a three-week losing streak. TAL is extended from a bounce off its 10-week moving average. The stock has come back strong after previously erasing a 12% gain past a 26.68 buy point from a consolidation.
1 August, 2014 by The TZ Newswire Staff Comments Off on Biotech Gets A Lift On Popular Drug, Strong Pipeline
Biotech Gets A Lift On Popular Drug, Strong Pipeline
The success of Biogen Idec’s (BIIB) oral multiple sclerosis (MS) treatment Tecfidera has been well documented in recent quarters, but the company is far from a one-hit wonder.
Its biggest seller is Avonex, an injectable MS treatment.
1 August, 2014 by The TZ Newswire Staff Comments Off on IBD 50: Old Dominion Freight Line Gains Market Share
IBD 50: Old Dominion Freight Line Gains Market Share
When second-quarter GDP growth came in at 4% Wednesday, it was a good sign for Old Dominion Freight Line.
The trucking company’s success is in large part tied to economic activity. Also helping the trucking industry, analysts say, are an uptick in imports and the boom in U.S.
1 August, 2014 by The TZ Newswire Staff Comments Off on TAL Education, Team Health Join The IBD 50 Resistance
TAL Education, Team Health Join The IBD 50 Resistance
Leading stocks took their licks in the past week, with only a small clique of IBD 50 stocks posting weekly gains. Among those, China-based TAL Education (XRS) hauled in an 11% gain to end the week at a new high. That left the chain of tutoring centers for kindergarten through 12th grade well extended after its first test of 10-week support since a breakout from an undefined, late-stage base in June.
1 August, 2014 by The TZ Newswire Staff Comments Off on Stocks Trim Losses But Still Close Lower
Stocks Trim Losses But Still Close Lower
Stocks lost more ground Friday, but the retreat was more contained and the volume lighter than in Thursday’s drop. The Nasdaq and the Dow Jones industrial average trimmed 0.4% Friday. The S&P 500 cut 0.3%. All three indexes trimmed losses. The IBD 50 was virtually flat. Volume fell across the board. Both major indexes are now under their 50-day moving average lines.
1 August, 2014 by The TZ Newswire Staff Comments Off on Turkey Shuns US (Again); Loads 5th Tanker Of $100 Million Iraqi-Kurdish Oil
Turkey Shuns US (Again); Loads 5th Tanker Of $100 Million Iraqi-Kurdish Oil
Having publicly shunned President Obama, it appears Turkish Prime Minister Erdogan has no problem upsetting the status quo. As Reuters reports, the fifth cargo of crude oil from Iraqi Kurdistan was loading at Turkey’s Mediterranean port of Ceyhan on Thursday and was scheduled to set sail on Friday, Turkish energy officials said. Baghdad is unhappy – missing out on the oil revenues.
1 August, 2014 by The TZ Newswire Staff Comments Off on Apple shares time as a buy could be nearing an end
Apple shares time as a buy could be nearing an end
A top mutual fund manager warns that Apple shares may be pushing into overvalued territory.