Wednesday, April 19, 2006
Chart of the Week
Earnings Report Breakout
Earnings Report Breakout
INFY broke out to new five-year highs Monday as a result of a positive earnings report; over five million shares were traded in reaction to the news, and the stock rose over 13%. According to a study by Singal and Pritamani (2001), a high volume rise following an earnings report is bullish. Read More