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Five new trending stocks to watch: |
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VRNG, ACOM, INUV, RIC, LTUM |
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Released on Tuesday May 3rd, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - VRNG (Vringo, Inc.) - Vringo has been heralded by The New York Times as "the next big thing in ringtones" and USA Today said Vringo’s application has "to be seen to be believed. This is a small play trading on the AMEX at a market cap of only around $11 million. It is just starting to receive a good bit of attention. It is trading at $2.05 as of the close on 5/2 and has a 52-week high of $3.60. This is a penny stock company and video ringtones could catch on.
ACOM (Ancestry.com Inc.) – Ancestry.com is now worth close to $2 billion. It bullishly gapped higher in last Friday’s trading session. A gap higher like this is usually a sign of a new material event being priced into shares. ACOM announced last Friday that they beat Wall Street expectations for its first-quarter results. The company also gave a bullish outlook, and announced a $125 million buyback program. This is a triple positive for ACOM shares and that’s why we saw it gap from $32.06 to as high as $45.79. ACOM has corrected down to $41.97 now.
INUV (Inuvo, Inc.) – INUV is down from its 52-week high of $6.82. Inuvo, Inc. announced that revenue was up 27% for the first quarter. Q12011 Revenue came in at $11.8 million compared to $9.3 million for the same quarter in 2010. INUV has shown that it can move extremely big in the past. Watch it closely to gain traction back. INUV is a penny stock trading at a market cap of only around $22 million.
RIC (Richmont Mines, Inc.) – In October 2009, we named RIC as a stock pick while it was trading at $3.19. RIC is now trading at $8.99 and has corrected during its last trading session from its 52-week high of $9.85. RIC is in an uptrend and has an ADX of 52, indicating an extremely strong uptrend. RIC holds interest in gold mines in Canada.
LTUM (Lithium Corporation) – This is an OTCBB play that has been receiving a good deal of attention lately. We’ve seen it getting attention on twitter. Look for consolidation in its current possible flag pattern and then possibly another move higher.
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