Fiber optic telecom company Infineon (INFN) had a pocket pivot. Earnings are skyrocketing, group rank 5. INFN gapped up on its prior earnings report.
Market Lab Report - Premarket Pulse 8/18/15
|Published:||18 Aug 2015 12:17 ET|
Major averages finished up yesterday on higher volume compared to Friday, but was still below average. The S&P 500 and NASDAQ Composite both closed above their respective 50-day moving averages but whether this results in an uptrend remains to be seen as the majors have been stuck in a sideways trend since late 2014. Thus risk remains high while trends are virtually non-existent. Futures are down sharply this morning after China's markets suffered another plunge, with the Shanghai Index down -6.1% and the Shenzhen Index down -6.6%, despite a massive cash infusion from the Chinese markets.
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