Chevron Corporation (NYSE:CVX) technical comments ; GenCorp Inc. (NYSE:GY), Tuesday Morning Corporation (Nasdaq:TUES)

Chevron Corporation (NYSE:CVX) technical comments .The stock has been battered down in price along with the rest of its peers in the oil industry. If the news is more bearish than already bearish expectations suggest, a move down to the $100 area would be the first level of significance. The $100 zone has been important resistance and support over the years. If price were to break below that level, it would confirm a change in the very long-term uptrend to bearish from bullish. CVX closed for the day at $103.00 with a change of $0.71. Trailing 12 month’s profit margin for CVX is 10.15% and for the same period, its operating margin is 11.90%.

 

GenCorp Inc. (NYSE:GY) subsidiary awarded contract for 5 KW hall thruster flow controller. European Space Propulsion, or ESP, a wholly owned subsidiary of Aerojet Rocketdyne, a GenCorp company, recently received a contract from Airbus Defence and Space and Thales Alenia Space for the initial development of a new electronic controller for the XR-5 Hall Thruster. The contract was issued under the European Space Agency, ESA, sponsored Neosat programme, an initiative strongly supported by the UK Space Agency. GY is part of the Industrial Goods sector in Aerospace/Defense - Major Diversified industry. The stock closed for the day at $17.09 with a change of $0.08 or 0.47%.  GY traded in a range of $16.80 to $17.24 through the day. The stock’s 52 week range is $15.11 to $19.77.

 

Tuesday Morning Corporation (Nasdaq:TUES) reports Q2 EPS 54c, consensus 56c. Reports Q2 revenue $301.4M, consensus $306.39M. Comparable store sales increased 7.6% compared to the same period a year ago, and were comprised of a 7.7% increase in customer transactions, offset by a 0.1% decrease in average ticket. The closing for TUES was $21.03 at the day’s end. It was a change of $0.80. TUES saw a market cap of $911.90M.