Nearest Support: $18
Catalyst: Earnings >>5 Stocks Triggering Breakouts on Big Volume Pandora Media ( P) was one of the highest-volume stocks on the NYSE on Friday, down double-digits on the firm's earnings results. While the firm's 4-cent earnings per share for the quarter came in at double analysts' estimates, guidance wasn't what market participants were hoping for, and they're selling. Despite the setback last week, a glimpse at Pandora's chart shows that all isn't exactly lost. This stock is still in a well-defined uptrend that's got a reasonably good proxy for support just below the 50-day moving average. If you're looking to build a position in Pandora, I'd suggest waiting for the next white-bar day and buying.
Nearest Support: N/A
Catalyst: Earnings, Analyst Comments >>5 Big Trades You Can't Miss Aeropostale ( ARO) is a post-earnings trainwreck after it announced second quarter numbers after the bell yesterday. The stock got flooded with negative comments from analysts after releasing its numbers, with some suggesting that financial distress could be a real concern if ARO stays unprofitable as long as they expect. Morgan Stanley puts the firm's bear case price target at $2, which is nearly an 80% drop even from here. As bad as the fundamentals look for ARO, the technicals look even worse. Shares broke support a week ago, and have been in free-fall ever since. Friday's selloff only accelerates the drop. This is the definition of a "falling knife". Don't try to catch the bottom in ARO.
Nearest Support: $13.50
Catalyst: Emerging Markets Bounce >>5 Stocks Warren Buffett Is Buying in 2013 A bounce in a basket of beaten-down emerging markets late last week helped to spur huge trading volume in Brazilian oil firm Petrobras ( PBR). PBR has had a rough year in 2013, dropping 23% on weakness in the global economy coupled with a strong dollar. But shares bottomed in July and have spent the last few weeks consolidating in a rectangle with resistance at $15. While shares flirted with a $15 breakout on Friday, it wasn't confirmed. If we see PBR hold above that level, consider it a buy. If you decide to buy PBR on a $15 move, you'd better be nimble. While this stock sports an upside target around $19, it's still a bullish setup within the context of a long-term bearish trend. I wouldn't want to be caught long for too long in PBR this summer. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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