These stocks made runner-ups to our Premium Digest Newsletter Stock Picks on Monday. All other things aside, they ranked high in several technical scans rounding off likely bottoms.
Zix Corp. (NASDAQ: ZIXI) shares are nearing resistance of $2.50. Twice in five months the price missed breaking out towards $2.70. One more miss and a bearish triple-top chart pattern forms. Otherwise expect a steady 8% move.
A small ascending wedge suggests shares of Quantum Corp. (NYSE: QTM) may attempt to move higher soon. This follows a dive to new lows just two weeks ago.
A bullish crossover in the MACD indicator has twice predicted a move (on average 9%) in Ivanhoe Energy, Inc. (NASDAQ: IVAN) shares in the last 3 months. For the third time as of Friday, the technical indicator points to likelihood of price reversal as shares round off a 52-week low.
The remaining charts (below) point to stocks that are ‘bouncing’ or ‘correcting’ to the upside, after being dropped drastically in recent trading. If you have a stock idea that you feel belongs on this list, tell us about it and it may just appear in our next issue!
Capstone Turbine Corp. (NASDAQ: CPST)
Vermillion, Inc. (NASDAQ: VRML)
AMN Healthcare Services Inc. (NYSE: AHS)