DRIV big drop in after-hours
Wednesday, June 27, 2007
Chart courtesy of stockcharts

Shares of Digital River fell almost 14% in the extended trading after company lowered its second-quarter and full-year profit outlook. Digital River said it expects profit for the quarter ending Saturday between 31 cents and 32 cents per share, down from a previous estimate of 39 cents per share. During the same period a year prior, the company earned 30 cents per share. Following investor reaction and looking at the chart stock should find some support at 43$ or in a bad situation at 38$. Keep an eye on DRIV for a GAP Down tomorrow at the open.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
 
posted by Pro Investor Trader at 2:10 PM | Permalink


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