Today's Research on PulteGroup, Weyerhaeuser, Heckmann, and TASER Intl.
LONDON, April 11, 2013 /PRNewswire/ --
The rally in U.S. equity market has continued into the second quarter. All three major indexes have finished higher for three straight trading sessions. On Wednesday, the Dow Jones rose to a record high as stocks rallied on the back of encouraging economic data from China. Demand for risk assets also rose after minutes of Federal Reserve's latest FOMC suggested that the Fed is not likely to end its aggressive bond buying program anytime soon. Industrials were among the major gainers in the S&P 500 yesterday. Among the major movers in the sector were PulteGroup Inc. (NYSE: PHM), Weyerhaeuser Company (NYSE: WY), Heckmann Corporation (NYSE: HEK), and TASER International Inc. (NASDAQ: TASR). StockCall professionals have completed their technical analysis on PHM, WY, HEK, and TASR and these free reports are accessible by registering at
http://www.stockcall.com/research
Shares of PulteGroup Inc. slipped in Wednesday's trading session even as the broad market rallied. The stock closed 1.03% lower at $19.25 on above average volume of 8.68 million. Despite the pullback yesterday, PulteGroup's shares are still up more than 0.60% for the week. Year-to-date, the stock has gained 6%, underperforming the broad market. The company's shares have seen a sharp pullback after the stock failed to break through $21.50 resistance level. The stock is currently trading below its 50-day moving average, which is a bearish signal. Sign up for the free technical research on PHM at
http://www.StockCall.com/PHM041113.pdf
Shares of Weyerhaeuser Company rose sharply yesterday. The stock climbed to an intra-day high of $31.66 before finishing the day 1.15% higher at $31.63 on volume of 2.91 million. Weyerhaeuser's shares are currently trading close to their 52-week high of $31.74. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish signal. Its MACD has just crossed above the signal line, and is also trading above its zero-line, which further confirms the bullish trend. The company's shares have outperformed the broad market so far in 2013, gaining more than 14%. Be sure to read our latest technical research on WY by registering at
http://www.StockCall.com/WY041113.pdf
Shares of Heckmann Corporation rose sharply on Wednesday. The stock closed 2.23% higher at $4.12 on volume of 2.67 million. Heckmann's shares have recently moved above their 50-day moving average, which is a bullish signal. However, the stock has been facing stiff resistance at around $4.40. Shares of HEK are currently trading nearly 20% below their 52-week high. Year-to-date, the stock has gained more than 2.20%, underperforming the broad market. Sign up and read the complimentary report on HEK at
http://www.StockCall.com/HEK041113.pdf
TASER International Inc.'s shares were among the major gainers in the Industrials sector on Wednesday. The stock rose to an intra-day high of $8.12 before finishing the day 4.68% higher at $8.06 on above average volume of 691,193. The stock has gained more than 5% in the last three sessions. Despite recent gains, the company's shares are down more than 9.80% for the year. The stock, however, has just crossed above its 50-day moving average, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. The free report on TASR can be downloaded by signing up now at
http://www.StockCall.com/TASR041113.pdf
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