Monday, November 10, 2014

Plug Power (NASDAQ: PLUG): Pattern Predicts This $5 Stock Will Soar More Than 150%

Plug Power (NASDAQ: PLUG) is nothing if not volatile. The company, which makes fuel cell systems, went public in 1999 at $15. At the height of the tech bubble in 2000, shares hit an all-time peak near $150, up nearly 10-fold in less than five months.

The stock crashed and burned as the bubble burst, falling below $5 in late 2002. By May 2011, with shares near $0.50, management decided to do a 1:10 reverse split to maintain its Nasdaq listing and make shares more attractive. This put the stock in the low single digits, but the slide continued until PLUG hit an all-time low of $0.12 in February 2013.

To lucky shareholders' delight, the stock then began a rapid advance, surging nearly 10,000% to a high of $11.72 in March of this year. (more)

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Waddell & Reed Financial, Inc. (NYSE: WDR)

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; underwrites and distributes registered open-end mutual fund portfolios; and offers fee-based asset allocation investment advisory products to advisors channel customers.
Take a look at the 1-year chart of Waddel (Nasdaq: WDR) below with my added notations:
1-year chart of Waddel (Nasdaq: WDR)
WDR has formed a relatively clear down-channel chart pattern over the last 8 months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that WDR has several points of channel resistance (blue) and support (red).

The Tale of the Tape: WDR has formed a common pattern known as a channel, in this case a down channel. A long trade could be entered on a pullback down to the channel support, or on a break through the channel resistance, which is currently sitting near $50. Short opportunities would be on rallies up to channel resistance or on a break of channel support.
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Ekso Bionics Inc. (OTC:EKSO): A $20 stock by 2020?

There’s a lot happening with Ekso Bionics Inc. (OTC:EKSO), our “Human Augmentation” frontrunner. And I’d like to bring you up to speed on the latest developments.
First, the fact that a lot is happening is, in and of itself, a great thing.
Over the years I’ve seen a lot of potentially great companies get off to a good start, but then fall flat because “nothing happened.” These companies don’t set out to fail; it’s just that they haven’t got the management, the funding, and, most importantly, the client base needed to succeed. (more)

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Whole Foods Market, Inc. (NASDAQ: WFM)

Whole Foods Market, Inc. operates as a retailer of natural and organic foods. Its stores offer produce and floral, grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, and body care products, as well as lifestyle products including books, pet products, and household products. As of July 30, 2014, the company operated 388 stores in the United States, Canada, and the United Kingdom. Whole Foods Market, Inc. was founded in 1978 and is headquartered in Austin, Texas.
Take a look at the 1-year chart of Whole Foods (Nasdaq: WFM) below with the added notations:
1-year chart of Whole Foods (Nasdaq: WFM)
WFM has had a rough go of it for most of the year. Since the low in July, the stock appears to have formed a double bottom (green) price pattern. The pattern is as simple as it sounds: Bottoming, rallying up to a point, selling back off to a similar bottom, and then rallying back up again.
As with any price pattern, a confirmation of the pattern is needed. WFM would confirm the pattern by breaking up through the $40 resistance (blue) that has been created by the double bottom pattern.

The Tale of the Tape: WFM has formed a double bottom price pattern. A long trade could be entered on a break above the $40 resistance with a stop placed under that level. Traders that are bearish on the stock could short the stock at $40.
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US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
  None scheduled        
  Veterans Day
None scheduled
7:30 am NFIB small business index Oct.   -- 95.3
10 am Wholesale inventories Sept.   -- 0.7%
8:30 am Weekly jobless claims Nov. 8
279,000 278,000
10 am, Job openings Sept.   -- 4.8 mln
2 pm Federal budget Oct.   -- -$91 bln
8:30 am Retail sales Oct.
0.2% -0.3%
8:30 am Retail sales ex-autos Oct.   0.2% -0.2%
8:30 am Import price index Oct.   -1.6% -0.5%
9:55 am Consumer sentiment index Nov.   88.0 86.9
10 am Business inventories Sept.   0.2% 0.2%
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