San Diego Business Journal
In after-hours trading shares lost 4 percent of their value, slipping to $8.40. Over the last 52 weeks, ELY shares have traded hands at a low of $4.66 and a ...
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Palomar Medical Technologies Inc. (NASDAQ: PMTI) is getting hit very hard after disclosing that Johnson & Johnson (NYSE: JNJ) is dropping its partnership for its home-use light-based devices used to reduce or reshaping body fat including cellulite, reducing skin aging appearance, and the prevention of acne.  Palomar stock at 10:18 AM EST is now down 16% at $12.82 on 579,000 shares versus an average daily volume of only about 150,000 shares.  Its 52-week trading range is $5.83 to $18.94.  This is creating a technical event as well as the 50-day moving average is $14.66 and the 200-day moving average is $11.49. Palomar does have options, but they are thinly traded.
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JON C. OGG
OCTOBER 16, 2009
Advanced Micro Devices Inc. (NYSE: AMD) is getting lashed this morning as shares are down 5.8% at $5.83 As of 8:31 AM EST we have seen only about 350,000 shares trade versus a 27 million share average. This one fell by 3.72% to $5.96 last night, but on some 8,237,097 shares after earnings. This one has a lot of air left in it even after this drop as the 50-day moving average is down at $4.93 and the 200-day moving average is $3.70.
JON C. OGG