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High-yield bonds now yield what risk-free 10-year treasuries did five years ago
In trading on Monday, shares of Power One Inc crossed above their 200 day moving average of $4.65, changing hands as high as $6.35 per share. Power One Inc shares are currently trading up about 56.9% on the day.
Stock futures point higher Monday after better-than-expected results from Halliburton and Hasbro and as global markets rise.
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Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
Power-One (Nasdaq:PWER) has been downgraded by TheStreet Ratings from from a buy to hold.
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