Are MELA Sciences Inc(MELA), Calumet Specialty Products Partners, L.P.(CLMT) and RMG Networks Holding Corporation(RMGN) About To Break Out?
New York, NY – GDP INSIDER – 03/11/2015.
This article discusses three companies: MELA Sciences Inc (NASDAQ:MELA), Calumet Specialty Products Partners L.P.(NASDAQ:CLMT) and RMG Networks Holding Corporation(NASDAQ:RMGN)
MELA Sciences Inc(NASDAQ:MELA) continued its recent volatile trading closing down 6.73% or $0.15 at $2.08 yesterday with more than 0.249 million shares trading hands compared to its average trading volume of 0.167 million. The dermatologist focused medical device company has just experienced a bullish MACD crossover but is meeting resistance around $2.20 which is preventing the stock surging ahead. After hours trading was showing a different story, with the stock up 39.42% at $2.90 just an hour after close. With no official news driving the stock it is a good hold at the moment.
Calumet Specialty Products Partners, L.P.(NASDAQ:CLMT) continued to nosedive yesterday with the price dropping 11.28% or $ 3.14 to close at $24.70, on very heavy trading of 6.628 million shares compared to its three month average trading volume of 0.346 million. The sell off began after the refiner and oil services company announced that it is offering 6 million shares of common stock at $26.75 per share, which it will use for capital spending and to repay its revolving credit facility. If the offering successfully closes on March 13th the stock is likely to recover making it a hold.
RMG Networks Holding Corporation(NASDAQ:RMGN) fell back yesterday to close down 10.92% or $0.19 at $1.55 on much higher than average trading, with 3.548 million shares changing hands compared to its three month average trading volume of 0.174 million. The stock rallied on Monday after the enterprise software provider reported very positive preliminary fourth quarter and full year results. RMG Networks Holding Corporation has had a bad year with the stock down 74.12% for the last 52 weeks, vastly underperforming the S&P 500 which is up 8.84% for the same period. At best a hold for now.
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