$GOGO looks to have broken its bull trend line. We believe prices are heading lower. The key support level to watch over the next few days is the 200 day moving average of $4.91 a share. If that fails to hold, we are looking at a target price of between $3 and $4 a share. $GOGO bulls needs to be cautious here. Last week, $GOGO reported earnings and here are the...
$RAVE continues to look like it's heading for the trash heap. A reshuffling of management on Friday failed to instil any confidence in the market and the stock dropped 32%. This is one stock to avoid or for aggressive traders, go short. Rave Restaurant Group, Inc., together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco),...
$AMAT has been a strong performer year-to-date. The stock is up 89% since January 1 and we think there's further gains to be had. After posting strong Q4 earnings, $AMAT got a string of upgrades. Cowen maintains an Outperform rating on Applied Materials (NASDAQ:AMAT) and lifts the target from $65 to $75 after Q4 beat and upside outlook. The firm says investors...
$MYOK has caught our attention after selling off on key data and bouncing off a key support level. Also, key data reported yesterday was positive. Here are the highlights: A 59-subject Phase 2 clinical trial, MAVERICK-HCM, evaluating MyoKardia's (NASDAQ:MYOK) mavacamten in patients with non-obstructive hypertrophic cardiomyopathy (HCM) (the walls of the...
$NXTC got hammered on Monday after reporting disappointing data over the weekend. While the stock closed down 52%, it could have been a lot worse and the stock did bounce on the day. This signals that buyers were stepping in. Here's what happened: Thinly traded NextCure (NASDAQ:NXTC) closed down 52% on modest volume on the heels of updated results from the first...
It's always risky playing biotech small caps. The stock could collapse at any minute or skyrocket the next. $LPCN looks quite interesting after dropping 70% yesterday. What caught our attention is that the stock opened on the lows and rallied from there. Some bottom feeders were in the stock and that's a good sign for those that are looking for new stocks to...
$UPLD saw a nice bounce on Friday off the lows as traders bought the dip after $UPLD reported disappointing earnings. Here are the highlights of that report: Upland Software (NASDAQ:UPLD): Q3 Non-GAAP EPS of $0.52 misses by $0.06; GAAP EPS of -$0.50 misses by $0.18. Revenue of $55.1M (+48.5% Y/Y) misses by $0.32M. $UPLD is now trading at just 13x earnings....
$GDOT has been beaten up pretty badly. The stock just hit new 52-week lows after disappointing 2020 guidance. But we think there's opportunity, especially after traders bought the dip on Friday and we got a green candle. The 52 week high is $86.46 after all, so $GDOT could be in the bargain bin for many. Green Dot (NYSE:GDOT) plunges 18% after preliminary 2020...
No one really wants to come out and be bullish on $TWTR. Many think that the stock is going lower. It's during these times, when it can pay to be a contrarian. We believe that the risk/reward favors the bulls. Can also make the argument that those that were going to sell, have already sold. While $TWTR is a speculative buy considering recent sentiment, we believe...
$SPWR is due for a rebound and after topping Q3 earnings, we believe the recovery is just starting. After the RSI got just below 30, $SPWR has been oversold and due for a bounce. Key to watch is the 200 dma of $9.20 a share. Here are the highlights from Q3: SunPower (NASDAQ:SPWR): Q3 Non-GAAP EPS of $0.07 beats by $0.05; GAAP EPS of -$0.11 beats by...
$GE is now trading above its 200-day moving average and has made a series of higher lows. After a solid quarterly earnings report and improved Free Cash Flow, $GE looks much better from a fundamental and technical perspective. If $GE closes above the 200- day moving average, we believe institutions will start coming back into the stock. We think new 52 week highs...
$MAT is trading higher after delivering strong Q3 earnings and putting its accounting issue behind it. Here are the highlights from Q3: Dolls sales were up 5% during the quarter off a double-digit jump in the Barbie business, while the vehicles category saw a 13% gain off a stellar quarter for Hot Wheels. The company's adjusted gross margin rate improved 390 bps...
$SPCE is a way for investors to bet on Richard Branson and space travel. $SPCE has already sold more than $150 million worth of 90-minute space trips on board its shuttles that are expected to take place next year. $SPCE is projecting $500 million in revenues and EBITDA of $250 million by 2023. We believe $SPCE is going to become the next hot cult stock and the...
$AEIS has broken out to the upside above the critical resistance line of $60 a share. Swing traders can look to take a position and use a stop loss of a daily close below $60. About $AEIS Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions. It offers...
$UXIN looks set to keep climbing judging from the $2 support level and the trend line support at the $2.20 to $2.50 level. $UXIN has a history of explosive moves and $UXIN could be setting up for another explosive move higher. About $UXIN Uxin Limited, an investment holding company, operates an used car e-commerce platform in China. It operates Uxin Used Car, an...
Today's opening range had a high of $32.12 a share. A move above there will be a sign that selling is exhausted. As always, trade with caution and use protective stops. Good luck to all!
Bulls are rejoicing and shorts are scrambling after $TSLA earnings report.$TSLA delivered a surprise earnings beat and solid Q3 deliveries number. However, the top line tally of $6.3B relied on deferred revenue and was below expectations. It also marked Tesla's first annual sales decline since 2012. JPMorgan is sounding some caution after seeing the initial 20%...
We believe the worst is over for $SUNW after yesterday's impressive price action. There's a lot of room to the upside that the stock needs to make up from looking at fibonacci. We believe prices will keep climbing. About $SUNW Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public...