May 31 Premarket movers
|CIEN||Up 5%.||Earnings.||Stock getting a decent lift off earnings report. Can it hold the gains?|
|LGF||Down 5%.||Earnings last night.||Disappointing results after the bell. Finding some premarket support in 12 area.|
|AAPL||Up 1 point.||Continued strength.||Stock up 6 points when S&P down 20, that is called relative strength, and AAPL has a lot of it right now. For AAPL support/resistance numbers see S&P numbers page.|
|MCD||Up slightly.||Trading ex-dividend.||Stock trading ex-dividend this morning. Adjusted close is 89.41. 90 is a key psychological level.|
|JOY||Down 1 point.||Earnings.||Stock made new 52 week low in premarket at 56.80. Keep an eye on old 52 week low of 57.48. If it does start trading below that in regular session, could get ugly.|
|TIVO||Down 28 cents.||Earnings last night.||Trading down after disappointing results. Could be some air below 8.60, down to 8 area.|
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