DALLAS, Texas 3/12/2009 11:09:13 PM
News / Finance

Technical Trade Alerts on Market Movers: DVN, BRCD, EBAY, AAPL, AEO, JCG

Beacon Equity Research announces the release of Trade Alerts covering market movers:  Devon Energy Corp. (NYSE: DVN), Brocade Communications Systems (Nasdaq: BRCD), eBay Inc. (Nasdaq: EBAY), Apple Inc. (Nasdaq: AAPL), American Eagle Outfitters Inc. (NYSE: AEO) and J. Crew Group Inc. (NYSE: JCG).

 

In the Trade Alert, the author highlights Devon Energy’s discovery of natural gas in the Barreirinhas basin offshore Brazil:

 

Devon Energy Corp. (DVN) shares rose 2.28% this morning, trading at $43.10. Devon Energy, together with its subsidiaries, primarily engages in oil and gas exploration, development and production; the transportation of oil, gas and natural gas liquids; and the processing of natural gas. The Oklahoma-based independent energy company recently reported the discovery of natural gas at the 1DEV14AMAS well on Block BM-BAR-3 in the Barreirinhas basin offshore Brazil. The well was drilled by Transocean drillship Deepwater Discovery in 2,336 meters (7,664 ft) of water. … There has been no announcement yet as to whether or not the find is commercial.

 

The Trade Alert author also featured Brocade’s DCX Backbone platform rated as industry’s best storage area network solution:

Brocade Communications Systems (BRCD) shares increased 3.36% to $2.77 this morning. Brocade Communications Systems engages in the supply of storage area network equipment and provision of data center networking solutions. Networking solutions developer Brocade recently announced its Brocade DCX Backbone platform was rated as industry’s best storage area network solution, outperforming competing storage area networking directors across several key categories including aggregate throughput and scalability for 8-Gbit/sec Fibre Channel, high availability features, and energy-efficient design and operations. … The test was conducted by Miercom, an independent networking consultancy and product test center.

 


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Source: BeaconEquity.com

Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com