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Los Angelas, CA -- (SBWIRE) -- 01/11/2013 -- Neutral Tandem, Inc. ( NASDAQ:IQNT) Company is a full-scale network solutions provider, offering intelligent networking to solve challenging interconnection and interoperability issues on a global scale. This stock is trading up 7.6% to $2.96 in recent trading. From a technical perspective, IQNT is just starting to push back above its 50-day moving average of $2.93 here with decent volume. This stock has been uptrending strongly for the last month and change, with shares moving higher from its low of $2.10 to its recent high of $3.25. During that move, shares of IQNT have been consistently making higher lows and higher highs, which is bullish technical price action. That move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit if IQNT manages to clear its 50-day at $2.93 and some more near-term overhead resistance at $3.25 with high volume.
How Should Investors React To IQNT Now? CHECK HERE
Tesoro (NYSE:TSO) which advanced nearly 6%. Part of the news sending shares higher was the decision to shut down a refinery in Hawaii, after failing to sell the property and turn it into a storage terminal. Possibly contributing even more to Tesoro's fantastic day was the disclosure of a position in Tesoro by Dan Loeb's hedge fund, Third Point. The hedge fund opined that Tesoro should be capable of $9 in annual free cash flow per share over costs, and could double from its current levels. Keep in mind this is the same Dan Loeb and Third Point that recently took an 8.24% stake in Herbalife (NYSE: HLF ) , the highly-embattled nutritional products company that's been blasted by noted short-seller Bill Ackman. However, unlike Herbalife, Loeb's analysis of Tesoro is something I can get behind!
Is TSO Going To Move Higher As Many Investors Expect : Find Out Here
Shares of Molycorp (NYSE:MCP) fell as much as 25% today, after the company gave weak guidance numbers. Molycorp announced that its production facilities are in place and moving toward full-scale production, but it also lowered expectations about revenue and cash flow. Management said that, due to production delays and lower rare earth mineral prices, the company wouldn't hit previous 2013 revenue and cash flow targets. Worse yet, it also said it's evaluating capital needs for 2013. Shares popped last week when Bloomberg said the company may be a takeover target, but I reminded investors that operating conditions continue to deteriorate, and this was no time to buy. Today, management confirmed that operations are getting worse and, with no end in sight to the drop in rare earth prices, this stock could easily end up at $0. Let's remember, this mine has already gone bankrupt once, so there's already precedent there.
Is MCP A Secure Investment? Watch Out An Over View of MCP Here
Bazaarvoice Inc. (NASDAQ:BV), the software company that acquired its closest rival PowerReviews Inc. last year in a $168.2 million deal, was sued by the U.S. to require it to divest some of its assets to create a competitor.The U.S. Justice Department said in a complaint filed today in federal court in San Francisco that the takeover hurt competition in the market for Internet platforms that offer product ratings and reviews. “Without competitive pressure from PowerReviews, Bazaarvoice will be able to increase prices to retailers and manufacturers for its product ratings and reviews platform,” Bill Baer, assistant attorney general in charge of the Justice Department’s Antitrust Division, said in a statement.
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