Earnings & M&A News Lifts Stocks

Thursday, April 29, 2010
Market Commentary:

The major averages enjoyed their largest single day gain since February, helped by a slew of stronger-than-expected earnings and the latest multi billion dollar takover. Volume totals on Thursday were reported mixed; higher on the Nasdaq and lower on the NYSE. Advancers led decliners by about a  3-to-1 ratio on both major exchanges. Meanwhile, new 52-week highs easily trumped new 52-week lows. There were 35 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, higher than the 15 issues that appeared on the prior session. A healthy crop of new leaders making new highs bodes well for any market rally.

Earnings & M&A News Help Stocks Rally:

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