2 NASDAQ Stocks To Watch: Depomed Inc (DEPO) and Marketo Inc (MKTO)
New York, NY – GDP INSIDER – 05/12/2014.
This article discusses two companies: Depomed Inc (NASDAQ:DEPO) and Marketo Inc (NASDAQ:MKTO)
Depomed Inc (NASDAQ:DEPO) continued its bullish run yesterday with the stock gaining 2.61% or $0.62 to close the day at $24.41 on higher than average trading volume of 2.146 million, compared to its three month average trading volume of 1.56 million. However, the stock lost 8.64% or $2.11 during afterhours trading following the announcement of a loss of $11.6 million in its first quarter. The company reported earnings of 13 cents a share for the third quarter, missing analysts’ estimates of 12 cents a share by 1 cent. After yesterday’s loss, the stock is now trading 0.33% above its 50 day moving average of $24.38 and 37.51% above its 200 day moving average of $17.81. The stock has been trending upwards for the last six months and is far outperforming the S&P 500, with the stock up 52% YTD compared to the index which has only gained 2.29% over the same period. With MACD now diverging and quarterly revenue growth (yoy) of 379.30%, it has the potential to make further gains, making it a hold with a view to buy.
Marketo Inc (NASDAQ:MKTO) climbed yesterday as the stock gained $0.65 to finish the day at a closing price of $29.50, an 2.25% increase in value from its previous closing price of $28.85 on light trading volume of 0.222 million compared with its three month average trading volume of 0.516 million. The US-based cloud-based marketing solutions provider for small and medium businesses has been fluctuating between $26.42 and $29.77 for the last two months, without showing any sign of pushing through its resistance level. The stock has been trending upwards for the last one year and is outperforming the S&P 500, with the stock up 22.36% YTD compared to the index which has only gained 11% over the same period. The RSI and MFI are 61.16 and 43.20, respectively. Both of these indicate that the stock is not overvalued at the current levels and the money is flowing in the right direction, hold for now. With the stock now up 9.30% over the last 30 days, MACD diverging and quarterly revenue growth (yoy) of 42.40%, it is starting to look like a very good potential purchase, making it a hold.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.