Microsoft reported revenue for its fiscal third quarter ended March of $14.4 billion and EPS of 50 cents a share, versus Street estimates of $13.89 billion and 46 cents. For the fiscal fourth quarter ending in June, the company sees revenue of $13.1 billion to $13.4 billion and EPS of 37-39 cents a share; the Street has been at $13.3 billion and 40 cents.

Stockerblog has made an interesting discovery on a few stocks. There are a few stocks that Stockerblog brought to light that have an unusually high institutional ownership.

Jackson Hewitt Tax Service (JTX): institutions and mutual funds own 98% of the float and 98% of the shares

A “V” bottom gets its name from the chart pattern it leaves behind. The formation occurs when a strong upside trend has formed and the market over-extends itself. An event creates a panic and prices plunge as speculators bail. The move is fast and furious and once the selling abates, bargain hunters step in.