On Monday, the markets slipped from record highs as comments made by a top Federal Reserve official hinted that the central bank may be closer to curbing its month bond purchases. Fed Bank of Dallas President Richard Fisher stated that the Fed should curb its bond-buying program next month unless economic data significantly worsens. "The consensus still remains that tapering is on track to be announced in September," said Ian Lyngen, a government-bond strategist at CRT Capital Group LLC. "That reflects the recent series of strong economic data. The Treasury market is backing up as we get set to take down this week’s refunding auctions."
Riverbed Technology, Inc. (NASDAQ:RVBD - News) shares traded in the range of $15.51 to $16.14 Monday before settling to close at $15.97, an increase of 3.63 percent. The stock appears be facing some resistance at the $16.24 and $16.49 levels with some support at $15.94. Oppenheimer has recently upgraded the company’s rating to "outperform" and has set a $20.00 price target on the stock. Shares of Riverbed Technology have fallen approximately 19.0 percent year-to-date.
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Semiconductor Manufacturing Int'l (NYSE:SMI - News) shares traded in the range of $3.90 to $4.05 Monday before settling to close at $4.03, an increase of 8.63 percent. The stock appears to be facing resistance at the $4.21 and $4.50 levels with some support at $3.94. Shares of Semiconductor Manufacturing have gained approximately 58.0 percent year-to-date.
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The E.W. Scripps Company (NYSE:SSP - News) shares traded in the range of $14.33 to $16.55 Monday before settling to close at $14.87, a decrease of 10.90 percent. The stock appears to be facing some resistance at the $16.03 and $16.67 levels with some support at $14.39. The company reported a 41 percent year-over-year decline in earnings for the second quarter of 2013. Shares of E.W. Scripps have gained approximately 37.0 percent year-to-date.
More information on E.W. Scripps and access to the free equity report can be found at:
Tyson Foods, Inc. (NYSE:TSN - News) shares traded in the range of $29.27 to $29.85 Monday before settling to close at $29.69, an increase of 4.14 percent. The stock appears to have some support at the $29.27 and $28.56 levels. The company reported a profit of $249 million for the fiscal third quarter, compared to a profit of $76 million a year ago. Shares of Tyson Foods have gained approximately 53.0 percent year-to-date.
More information on Tyson Foods and access to the free equity report can be found at:
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- Riverbed Technology
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