The Traderszone Network

Published in TZ Latest News 7 August, 2015 by The TZ Newswire Staff

Earnings Fuel Stamps.com’s Huge Rally

Despite weakness in the market, a few highly rated stocks reached new high in Friday’s session. After sinking 8% Thursday, Stamps.com (STMP) staged a huge comeback Friday, thanks to strong earnings and upbeat guidance. It gapped above its 50-day moving average, rising 18.33, or 28%, to 84.40 in monster turnover. The stock’s breakout past a 75.30 buy point had failed, but shares are well above that level now.

read more