HDB, BWEN, AIPC, VIT, MR, TNDM. Top Gainers With Lowest Price Friction In Morning Trade Today
June 26, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 26, 2009. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This fair market making requirement is designed to prevent market makers from manipulating stock prices. Here is a list of the top companies with the largest gains this morning and lowest price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. HDFC Bank (NYSE: HDB), Broadwind Energy (NASDAQ: BWEN), American Italian Pasta Co. (NASDAQ: AIPC), Vanceinfo Technologies (NYSE: VIT), Mindray Medical (NYSE: MR) and Neutral Tandem (NASDAQ: TNDM). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Market Maker Friction Factor is shown in the chart below:
Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction
HDB $5.32 5.32% 60,468 37.75% 52,579 32.82% 7,889 15
BWEN $2.22 26.97% 600,677 61.31% 370,248 37.79% 230,429 1,038
AIPC $1.62 5.62% 173,028 58.83% 120,254 40.89% 52,774 326
VIT $1.49 10.80% 300,579 46.56% 181,819 28.16% 118,760 797
MR $1.49 5.49% 186,367 48.27% 118,215 30.62% 68,152 457
TNDM $1.41 4.92% 181,160 52.68% 153,901 44.75% 27,259 193
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction in their stocks. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows HDB with a dollar gain this morning of +$5.32 and a Friction Factor of 15 shares. That means that it only takes 15 more shares of buying than selling to move HDB higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.
HDFC Bank Limited (NYSE: HDB) provides various financial products and services. It operates in three segments: Retail Banking, Wholesale Banking, and Treasury. The Retail Banking segment provides various deposit products, including savings accounts, current accounts, fixed deposits, and demat accounts. It also offers auto, personal, commercial vehicle, home, gold, and educational loans; loans against securities, property, and rental receivables; and health care finance working capital finance, construction equipment finance, and warehouse receipt loans, as well as credit cards, debit cards, depository, investment advisory, bill payments, and transactional services. In addition, this segment sells third party financial products, such as mutual funds and insurance, as well as distributes life and general insurance products through its tie-ups with insurance companies and mutual fund houses. The wholesale banking segment provides loans, non-fund facilities, and transaction services to large corporate, emerging corporate, small and medium enterprise, supply chain, public sector undertaking, central and state government departments, and institutional customers. It offers deposit and transaction banking products, supply chain financing, working capital and term finance, agricultural loans, and funded, non-funded treasury, and foreign exchange products. This segment�s services include trade services, cash management, money market, custodial, tax collection, and electronic banking. In addition, it provides correspondent bank services to co-operative banks, private banks, foreign banks, and regional rural banks; and wealth management products for non-resident Indians. The Treasury Services segment operates primarily in areas, such as foreign exchange, money market, interest rate trading, and equities. As of March 31, 2009, HDFC Bank had a network of 1,412 branches and 3,295 automated teller machines in 528 cities in India. The company was founded in 1994 and is based in Mumbai, India.
Broadwind Energy, Inc. (NASDAQ: BWEN) provides products and services to the energy and energy-related industries in North America. It manufactures and sells high precision gears for wind turbines; custom-engineered gearing systems for the mining, energy, and industrial sectors; and structural wind towers, internal tower components, and fabricated and machined components, including crane parts and dipper buckets. The company provides services, including grinding and finishing gears and gear sets; steel plate processing; heavy welding; and the custom corrosion protection of components. It also refurbishes, assembles, and welds heavy equipment for the crane manufacturing, construction, marine, and mining and metals industries. Broadwind Energy also offers construction and technical support in the erection of wind turbine generators, scheduled and un-scheduled maintenance, fiberglass inspections, general repair and training, and the transportation of oversize/overweight equipment and machinery. It provides its component and service offerings to wind turbine manufacturers and developers, wind farm operators, and service companies. The company was founded in 2003 and is headquartered in Naperville, Illinois.
American Italian Pasta Company (NASDAQ: AIPC) engages in the production and marketing of dry pasta in North America. It offers pasta in various sizes and shapes that include long goods, such as spaghetti, linguine, fettuccine, angel hair, and lasagna; and short goods, such as elbow macaroni, mostaccioli, rigatoni, rotini, ziti, and egg noodles. The company also develops a range of whole wheat, whole grain, enriched multi-grains, and organic products. It sells its products through its sales employees, as well as through food brokers and distributors in the United States, Canada, Mexico, and the Caribbean. The company offers its products to grocery stores, club stores, mass merchants, and drug and discount stores; food service distributors that supply to restaurants, hotels, schools, and hospitals; and food processors that use pasta as a food ingredient. American Italian Pasta Company was founded in 1986 and is based in Kansas City, Missouri.
VanceInfo Technologies Inc. (NYSE: VIT), through its subsidiaries, engages in the provision of information technology (IT) services. The company offers research and development services for various phases of development, from requirements analysis, concept generation, and product realization, to quality assurance and testing, and technology and information transfer; and enterprise solutions, which include packaged evaluation and selection; packaged implementation; customization; regional rollout; enhancement, maintenance, and product support; version upgrades; and business intelligence/data warehouse. It designs, develops, and implements software solutions to meet various client requirements, as well as provides maintenance services for software systems. VanceInfo Technologies also offers customized and automated testing practices, including functional testing, globalization and localization testing, automation testing, performance testing, remote testing, and test process consulting. In addition, the company provides globalization and localization services that comprise software and content localization, localization engineering, localization testing, internationalization engineering, and internationalization testing. It primarily serves corporations in technology, telecommunications, financial services, manufacturing, retail, and distribution industries in the United States, Europe, Japan, and the People�s Republic of China. VanceInfo Technologies was founded in 1995 and is headquartered in Beijing, the People�s Republic of China.
Mindray Medical International Limited (NYSE: MR), through its subsidiary, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., develops, manufactures, and markets medical devices worldwide. It operates in three segments: Patient Monitoring and Life Support Products, In-Vitro Diagnostic Products, and Medical Imaging Systems. The Patient Monitoring and Life Support Products segment offers patient monitoring devices for adult, pediatric, and neonatal patients, and used principally in hospital intensive care units, operating rooms, and emergency rooms. Its patient monitoring devices tracks the physiological parameters of patients, such as heart rate, blood pressure, respiration, and temperature. This segment provides single and multiple-parameter monitors, mobile and portable multifunction monitors, central stations that can collect and display multiple patient data on a single screen, an electro-cardiogram monitoring device, veterinary monitoring devices, and anesthesia machines. The In-Vitro Diagnostic Products segment provides data and analysis on blood, urine, and other bodily fluid samples for clinical diagnosis and treatment. This segment also offers semi-automated and fully-automated in-vitro diagnostic products for laboratories, clinics, and hospitals. In addition, this segment provides hematology analyzers and biochemistry analyzers, and reagents. The Medical Imaging Systems segment sells portable and mobile ultrasound systems and digital radiography systems, and transducers. It sells its products to distributors, ODM and OEM customers, hospitals, and government agencies. The company has operations in North America, Europe, China, and other Asian countries. Mindray Medical International Limited was founded in 1991 and is headquartered in Shenzhen, the People�s Republic of China.
Neutral Tandem, Inc. (NASDAQ: TNDM), through its subsidiaries, provides tandem interconnection services principally to competitive carriers, including wireless, wireline, cable, and broadband telephony companies in the United States. Its services enable competitive carriers to interconnect and exchange local and long distance traffic between their networks without establishing direct switch-to-switch connections. The company manages network capacity between its tandem switches and customers� switches, which results in network quality and reduced call blocking. Its network automatically switches Internet protocol (IP)-originated or conventional time division multiplexing (TDM) traffic to terminating carriers, using either protocol. The company supports IP-to-IP, IP-to-TDM, TDM-to-IP, and TDM-to-TDM traffic with protocol conversion and gateway functionality. Neutral Tandem also provides its customers with invoices, management reports, and call detail records in paper and electronic formats along monthly savings summary reports. As of December 31, 2008, its network connected 1,336 competitive carrier switches, creating approximately 1.9 million switch-to-switch routes serving approximately 391 million telephone numbers assigned to these carriers. The company was founded in 2001 and is headquartered in Chicago, Illinois.
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