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Five new trending stocks to watch: |
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RCON, EONC, ORS, GRZ, WIFI |
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Released on Tuesday June 14th, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Trending stocks are stocks that are standing out with eye-catching moves higher.
RCON (Recon Technology, Inc.) – RCON is an oilfield service company operating for over 10 years in China. RCON has had two huge days in a row, moving from around the $1.00 level to over $4.00 and now settled at $3.40. RCON has a small float and is trading at a market cap of only around $13.4 million. This stock trades very rapidly.
EONC (eOn Communications Corp.) – EONC just reported fiscal third quarter earnings with revenue increasing 57% to $5.56 million over $3.53 million for the same quarter last year. Earnings per share came in at $0.05 compared to a loss of $0.02 for the same quarter last year.
ORS (Orsus Xelent Technologies, Inc.) – This is the second trending stock in this stock article related to China. This stock recently went public in late April and it has been stepping higher ever since. Check out its chart.
GRZ (Gold Reserve Inc.) – We just discussed this stock in the “New 52-Week High Stocks” stock article released Monday morning 6/13 at 8:00 AM. GRZ is a small gold exploration company with $64.2 million in cash and cash equivalents on the balance sheet. It moved up 9%+ on Monday and reached another new 52-week high. SpeculatingStocks is now classifying GRZ as a Trending Stock.
WIFI (Boingo Wireless, Inc.) – This is a WiFi play that creates hotspots for its clients. We love its well-chosen symbol, definitely attracts attention to it. It IPO’d in early May and reached a high above $12. WIFI has since trended down as low as $7.41 before bouncing to over $10.00 yesterday. This certainly could be a stock that could be a great trading opportunity on the swings.
Keep up on new trending stocks through the “Trending Stocks” section on the SpeculatingStocks homepage.
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