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Stocks gapping higher: HUSA, ELMG |
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NSTC, HNR. |
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Released on Saturday June 18th, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Stocks usually gap higher due to a fundamental material event in between the market close one day and opening bell the next day. It is important to track these stocks that gap higher because some of these types of stocks have reset their fundamental value and can uptrend in the weeks after the gap higher.
Some gap higher charts are more pronounced than others.
HUSA (Houston American Energy Corp.) – HUSA is involved in natural gas and crude oil. This is a tightly run corporation. Revenues grew from $8.11 million in 2009 to $19.5 million in 2010. Houston American Energy has a strong balance sheet with $29.7 million in cash and a quick ratio of 7.73 to 1.
ELMG (EMS Technologies, Inc.) – ELMG is involved in creating and selling wireless communications products to satellite and wireless communications markets for commercial and defense applications. ELMG gapped higher 32%+ after Honeywell announced buying EMS Technologies for $491 million in cash. ELMG is now being investigated by several law offices for possible breaches of fiduciary duty and other possible issues. ELMG has been holding up strong.
NSTC (Ness Technologies, Inc.) – Ness Technologies is involved in a situation like ELMG. It gapped higher after receiving a buyout offer. It is also being investigated by law firms. NSTC is holding up well.
HNR (Harvest Natural Resources, Inc.) – HNR had a material discovery in the oil exploration space. Harvest Natural Resources, Inc. announced that it found crude off the coast of Gabon. HNR has since corrected after gapping higher and we believe that would see it trend higher to new 52-week high levels.
See new stocks that are gapping higher in our “Stocks Gapping Higher” section within our Stock Buzz page.
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