NEWPORT BEACH, Calif., Aug. 4, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a provider of unique trading technologies, released a report on August 2, 2010 at 7:45 am PDT stating that Dendreon (Nasdaq:DNDN) was expected to be higher after its earnings were released after the close on Tuesday, August 3, 2010.
Click here to view the BUYINS.NET report:
http://www.buyins.net/releases/?id=118934
According to the 6 previous August earnings reports, DNDN has shown a bullish edge that peaks 28 trading days after the report. DNDN rallies in 100% of the cases (6 of 6) by an average of +21.0% relative to the date of the earnings release. At the time this story was written, DNDN is +16.2% immediately after earnings were released.
Click here to see a chart showing trading patterns after the previous earnings reports:
http://www.buyins.com/images/dndnee8-4-10.jpg
The movement of stock prices in the days and weeks leading to and following earnings announcements may follow a predictable pattern. Most companies' stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php
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BUYINS.NET, http://www.buyins.net, monitors trading in all U.S. stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
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