Baldor Electric Co. (BEZ) Soars After Scaling Past 20 Day And 50 Day MA

By Mark Moneymaster
February 05, 2010 2:05 PM

Symbols: BEZ

Posted in: Earnings, Long Ideas, Technicals, Movers, Trading Ideas

Baldor Electric Co. (NYSE: BEZ) soared 10.5% by early afternoon trading on Friday, after announcing its earnings for the last quarter. Baldor Electric Co. (BEZ) scaled past its 20 day and 50 day MA in a single session despite the dismal Q4 performance.

Balder Electric Co. (BEZ) has evinced strong interest from market participants, as it has expressed hopes that its revenues and earnings would start improving in 2010.

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Baldor Electric Co. (BEZ) Soars After Scaling Past 20 Day And 50 Day MA

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