Monday, August 22, 2011  

Focus Media Holding Ltd (NASDAQ: FMCN) is expected to earn $0.37 per share for quarter ended Jun 11. Estimates from Wall Street analysts ranged from as low as $0.35 per share to as high as $0.40 per share. For the same quarter last year, the company earned $0.30 per share. Revenues are expected to come in at $162.69M. Shares of Focus Media Holding Ltd traded higher by 0.51% or $0.14/share to $27.65. In the past year, the shares have traded as low as $17.71 and as high as $37.58. On average, 2531670 shares of FMCN exchange hands on a given day and today's volume is recorded at 1408749. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $30.19 area where the stock may encounter resistance.

Niko Resources Ltd (TSE: NKO.TO) is expected to earn $0.65 per share for quarter ended Jun 11. Estimates from Wall Street analysts ranged from as low as $0.59 per share to as high as $0.74 per share. For the same quarter last year, the company earned $0.77 per share. Revenues are expected to come in at $92.62M. Shares of Niko Resources Ltd traded higher by 0.39% or $0.22/share to $57.17. In the past year, the shares have traded as low as $54.38 and as high as $107.88. On average, 110075 shares of NKO.TO exchange hands on a given day and today's volume is recorded at 39227. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $62.57 area but be careful because the stock may face selling pressure at this level.

Source:tickrwatch