The Week in Charts

Earnings season is soon wrapping up, but we still saw some interesting moves in stocks this week as new all-time highs were set for the S&P500 on Wednesday and Nasdaq on Friday.

Despite recent mini-scares, investors continue to remain comfortable with risk, and nothing shows this better than the performance of the Biotechnology sector… 

Screen Shot 2014-02-21 at 3.40.05 PMchart courtesy @upsidetrader

Case in point, Acadia Pharma:

$ACAD wants min 30, possib 32. amazing freagin moves

— SOULLOR (@SOULLOR) Feb. 21 at 11:59 AM


$ACAD ran up Friday in anticipation of its February 27th earnings release. Or was it this?

$ACAD "With “right hand man” CFO leaving, CEO Uli Hacksell may be more willing to entertain M&A bids"

— TSD_Trader (@PTSD_Trader) Feb. 21 at 02:39 PM

We might never know why, but make no mistake, risk is ON in the biotech sector.

M&A activity kicked off the holiday-shortened week with news that Forest Labs was being acquired by Actiance ($ACT) at a nice premium for shareholders.

Here were our thoughts back in early December last year on this pharma play. Chart noted $FRX

— Doug Busch (@chartsmarter) Feb. 18 at 03:53 PM

On Wednesday, dip buyers came to the rescue of Panera, sending it’s shares higher for the rest of the week after the initial earnings reaction looked less promising:

Dip Buyers hungry for $PNRA today, a stab into this B/O Box now

— Derald Muniz (@1nvestor) Feb. 19 at 08:28 AM

After the close of trading on Thursday, Groupon offered another daily deal… this time for potential investors looking to buy shares at a discount. Current investors were less-than-thrilled with the latest quarterly earnings results, sending the stock on a nearly 22% tumble. Ouch:

$GRPN price had deep drop near its support channel line, but should wait for more drop if long.

— liya Wong (@humble747) Feb. 21 at 01:40 PM

On Friday, we saw some “interesting” chart action in Barnes & Noble. Investors were met with this nugget midday:

$bks G asset management seeks to buy 51% of Barnes & Nobles , values $22 a share

— lumberjax (@lumberjax) Feb. 21 at 11:27 AM

 …sending shares rocketing higher:

Not a pretty reaction IMO $BKS:

— stefan cheplick (@scheplick) Feb. 21 at 11:32 AM


Trade ’em well!
~ Sean McLaughlin (@chicagosean)

Tickers: , , , , , ,

blog comments powered by Disqus
StockTwits Blog
  • StockTwits® is the world's largest social network for investors and traders. Anyone can share ideas about their favorite stocks or follow what others are saying in real-time. The quickest way to get started is to join right now and make sure you sign-up for our FREE email list.

    We also have a FREE app on the iPhone and Android app stores. Get it today.

  • Search by Date

  • Join StockTwits