Wednesday, April 22, 2015

Stocks To Watch : GOGO, AOL, RMBS, IMUC, ENZN

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Tuesday's high volume breakout could be the start of a nice squeeze higher for Gogo Inc (NASDAQ:GOGO) shares. Over 37% of float is short (14 days to cover). The stock had a large spread and volume today, successfully breaking several resistances lines. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Patience is a virtue !! Squeeze seems eminent.

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Looking at the daily technical chart of AOL, Inc. (NYSE:AOL), the price is quickly approaching a breakout if the stock can manage to trade above $40.62. A strong volume move above that level, could set the stock up to retest its March highs of $42.42.

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I had Rambus Inc. (NASDAQ:RMBS) on my watchlist a few times this month and today it broke out in impressive fashion on volume expansion. I believe the stock can easily re-visit last year's highs of $14.82/share, if not higher.

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ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) back over 50c. The stock displayed relative strength on Tuesday closing again above its 20-day moving average on solid volume. Short-term levels to watch tomorrow 54c and then 61c.

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Enzon Pharmaceuticals Inc (NASDAQ:ENZN) Could be a high flyer on breakout. The 52-week high is $1.83, but based on the current momentum and volume action this level is insignificant. Today could be CRAZY !!!

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Jarden Corp (NYSE: JAH)

Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment. Its Consumer Solutions segment provides household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, teakettles, toasters, toaster ovens, and vacuum packaging machines. The company’s Branded Consumables segment offers fresh preserving jars and accessories. Its Process Solutions segment produces plastic products. The company was founded in 1991 and is headquartered in Boca Raton, Florida.
Take a look at the 1-year chart of Jarden (NYSE: JAH) below with added notations:
1-year chart of Jarden (NYSE: JAH)
After rallying nicely from mid-October until the end of January, JAH has been trading mostly sideways over the last 3 months. During the sideways move the stock has formed a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern.
JAH’s rectangle pattern has formed a resistance at $54 (red) and a $51 support (blue). At some point the stock will have to break one of the two levels, and the stock’s recent trendline (green) break of support might be foreshadowing an eventually break of rectangle support too.

The Tale of the Tape: JAH is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $51 or on a breakout above $54. The ideal short opportunity would be on a break below $51.
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Annaly Capital Management (NYSE: NLY): Earn an 11% Yield With This mREIT

Yield, yield, yield.
If there is one topic that interests our readers more than any, it’s yield and where to find it. Readers want to know where to capture safe high-yield income.
Now for the harsh reality: there is no such place.
There is always risk involved when reaching out for yield. But this isn’t to say that certain yield isn’t worth the risk. (more)

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Chart of the Day - Badger Meter (BMI)


The "Chart of the Day" is Badger Meter (BMI).  I found the stock by scanning the "All Time High" list for the best technical indicators and then used the Flipchart function to review the charts.  Badger Meter has rallied sharply over the past month and just exceeded the previous all-time high posted in 2008 before the financial crisis.  TrendSpotter has been long since March 24 at $60.47.  The opinion is a 100% Buy on Badger Meter.

 Badger Meter sells products and services involving flow measurement and control technologies serving markets worldwide. Their products are sold to water utilities, OEMs and various industrial customers primarily operating in the following markets: water, wastewater and process waters; energy and petroleum; food and beverage; pharmaceutical; chemical; and concrete.
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