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 http://stks.co/h0Jbu

— 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 http://stks.co/e0FC4

— 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 http://stks.co/e0FJA

— 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. http://stks.co/b0Fmk

— 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: http://stks.co/t01BG

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

 

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


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