NEW YORK, NY / ACCESSWIRE / March 3, 2016 / UltimateStockAlerts.com is a NASDAQ & NYSE OnlyStock Alerts Service focused on day trading, swing trading and long-term investing. Today we are taking a look at four companies which we believe could provide investors with significant volatility in the near term.
VirnetX Holding Corp (VHC) was alerted to UltimateStockAlerts.com newsletter subscribers earlier today due to various bullish technical indicators that confirmed the increased probability of upside opportunity. The daily chart for VHC indicated a reversal underway that was confirmed with an increase in volume during Wednesday's trading session. The company has witnessed increased coverage during the past month following a court win against Apple, Inc. (AAPL) in what was largely characterized as a David and Goliath face-off. Following the initial news of the iPhone maker infringing upon several of VHC's patents, the company rallied more than 100%.
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Ocwen Financial Corp. (OCN) rallied more than 7% on Wednesday, closing the day at 2.27 following a massive selloff in the company's market valuation during the past week when the company announced a higher than expected Q4 loss. Until recently OCN has been trading in a range above 6. The rally experienced yesterday is likely a near term correction that may continue until resistance is tested. Presently RSI for OCN is at 22 on the daily chart, with a substantial increase in trading activity, which may be indicative of a near-term bottom.
We are closely monitoring OCN for our newsletter subscribers and will alert them via email when OCN presents a gain opportunity.
Checkpoint Systems Inc. (CKP) rallied more than 29% on Wednesday following news that the company was acquired by Canada's CCL Industries for approximately $422 million. CCL offered to pay $10.15 per share in cash, which represents a premium of 30% to Checkpoint's close on Tuesday. CKP is up more than 97% in 2016 after hitting a low of 5.21 earlier this year. CKP is registering an RSI above 88 as well as having surpassed its 200 DMA. While the acquisition changes the dynamics of this opportunity in the near-term we are closely monitoring CKP for our newsletter subscribers and will alert them via email when CKP presents further gain opportunity.
California Resources Corporation (CRC) rallied more than 160% in the past week following better than expected Q4 earnings as well as an encouraging outlook. Following the massive rally, CRC has encountered what appears to be resistance above the 0.85 level. Despite closing below this its high of day for the past 2 days, with lower highs, there may be further gain opportunity to reach the 50 DMA of 1.24 over the short-term after the company experiences consolidation. Headline risk related to industry developments will be critical to monitor in an effort to understand the further scope and probability of the rally continuing.
We are closely monitoring CRC for our newsletter subscribers and will alert them via email when CRC presents further gain opportunity.
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Disclosure: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. UltimateStockAlerts.com has not been compensated nor expects to receive any compensation for distribution of our opinions and publicly available information for VHC, OCN, CKP nor CRC as of 03/03/2016. Owners and operators of UltimateStockAlerts.com do not hold any financial positions in mentioned companies as of 03/03/2016. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.
Gains are calculated by staff and are not guaranteed to be accurate nor a reliable representation. Actual gains may vary. Past gains are not representative of future gains.
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