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Five new trending stocks to watch: |
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RITT, CTIC, SGOC, SARA, MGN. |
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Released on Wednesday, December 7, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) -It is important to watch stocks that are trending. Those trend stocks that are catching the eyes of investors and seeing increased volume and price action. Investors and traders who visit SpeculatingStocks.com can find trending stocks on our homepage.
RITT (RIT Technologies Ltd.) – RIT Technologies develops physical layer solutions for the control, utilization, and maintenance of networks. RITT is a tiny company trading at a market cap of around $20 million. The stock has had huge moves in the past year though. Last year, RITT moved from under $2.00 a share to over $12.00 a share. In June of this year, RITT spiked from under $3.00 a share to over $12.00 a share. On December 7th, RITT spiked $1.24 to $4.47 or a 38%+ one day move. Keep a close eye on RITT.
CTIC (Cell Therapeutics, Inc.) – This biopharma company has a drug candidate known as Pixantrone up for a go-around with the FDA in April of 2012. Pixantrone is under development for the treatment of non-Hodgkin’s lymphoma. CTIC has other drug candidates in the pipeline as well. CTIC spiked 13% on December 6th. We could see speculators trend this up in 2012.
SGOC (SGOCO Group, Ltd.) – SGOC is a manufacturer of LCD products in China. SGOC is a small company trading at a market cap of only around $31.74 million. It spiked off of its 52-week low level on December 6th.
SARA (Saratoga Resources, Inc.) – This company is involved in the acquisition and development of crude oil and natural gas properties in the U.S. SARA was in play yesterday on the AMEX exchange on news that the company announced that it is in advanced discussions with McMoRan Oil and Gas LLC regarding a potential joint venture on Saratoga’s Long John Silver Prospect.
MGN (Mines Management, Inc.) – MGN engages in the acquisition and development of mineral properties, primarily silver. Silver is extremely hot right now and MGN is a company trading at a fairly low market cap of $81.04 million, so we are not surprised to see it come alive.
Stay up to date on new trending stocks through the “Trending Stocks” section on the SpeculatingStocks homepage.
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