Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: FARO Technologies (Nasdaq: FARO ) popped 10% in intraday trading today after broker/dealer Robert W. Baird upgraded the [...]
FARO was possibly the best of the earnings breakouts today, but under the conditions we have been seeing for the last six months, not very impressive. It closed well off it's high. it had also been having a problem with the 50dma, and came awfully close to breaking a critical pivot point yesterday. Today's earnings were apparently a big surprise, enabling a big gap up, but there is a little doubt as to how far this can continue.