Investors are set to receive important information regarding the state of the economy this coming week as reports on inflation and retail sales are to be released and a number of industry bellwethers such as General Electric, Intel, Microsoft and the remaining big banks are also set to report earnings. The Russell 2000 Index closed at a new record high for the third consecutive trading day, the index has gained roughly 22.0 percent year-to-date outpacing both the Dow Jones and the S&P 500. "It's bullish that the Russell 2000 has reversed its downtrend off the May 22 highs and breaking out to new highs," said Craig Johnson, a Piper Jaffray managing director and senior technical research analyst "And when we get an index as broad as the Russell 2000 breaking out to new highs, that suggests that the internals of the market is very strong and we have a lot of stocks that are participating in this move." Here is how some companies in the Russell 2000 Index reacted Friday:
AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX) shares traded in the range of $12.04 to $13.28 Friday before settling to close at $12.23, a decrease of 3.93 percent. The stock appears to have some support at the $12.17 and $11.45 levels. Shares of AcelRx Pharmaceuticals have gained approximately 187.0 percent in 2013.
More information on AcelRx Pharmaceuticals and access to the free equity report can be found at:
Apollo Residential Mortgage Inc. (NYSE: AMTG) shares traded in the range of $15.47 to $15.79 Friday before settling to close at $15.53, a decrease of 1.08 percent. The stock appears to be facing some resistance at the $15.69 and $16.52 levels with some support at $14.98. Shares of Apollo Residential Mortgage have fallen approximately 23.0 percent in 2013.
More information on Apollo Residential Mortgage and access to the free equity report can be found at:
Flotek Industries Inc. (NYSE: FTK) shares traded in the range of $19.44 to $19.95 Friday before settling to close at $19.71, an increase of 0.87percent. The stock appears to have some support at the $19.29 and $18.26 levels. Shares of Flotek Industries have gained approximately 61.5 percent in 2013.
More information on Flotek Industries and access to the free equity report can be found at:
Glu Mobile Inc. (NASDAQ: GLUU) shares traded in the range of $2.47 to $2.58 Friday before settling to close at $2.52, a decrease of 0.79 percent. The stock appears to be facing some resistance at the $2.60 and $2.67 levels with some support at $2.49. Shares of Glu Mobile have gained approximately 10.5 percent in 2013.
More information on Glu Mobile and access to the free equity report can be found at:
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