When Harry Winston Diamond (NYSE:HWD) reported earnings two weeks ago on December 6th, 2012, analysts, on average, expected the company to report earnings of $0.12 on sales of $200.5 million. The company actually reported EPS of $0.03 on sales of $180.4 million, missing EPS estimates by $0.09 and missing revenue estimates by $20.1 million. Since the company's report, shares of Harry Winston Diamond have fallen from $14.41 to $13.98, representing a loss of 3.0% in the past 18 days.

Over the past year, Harry Winston Diamond has traded in a range of $10.06 to $15.92 and is now at $13.98, 39% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Harry Winston Diamond on October 15th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.20. Since that recommendation, shares of Harry Winston Diamond have risen 5.9%. We continue to monitor HWD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.