Is Now The Right Time To Pounce On MagneGas Corporation(MNGA), Entropic Communications Inc(ENTR) and Electronic Cigarettes Intl Group Ltd(ECIG)?
New York, NY – GDP INSIDER – 03/13/2015.
This article discusses three companies: MagneGas Corporation(NASDAQ:MNGA), Entropic Communications Inc(NASDAQ:ENTR) and Electronic Cigarettes Intl Group Ltd(OTCMKTS:ECIG)
MagneGas Corporation(NASDAQ:MNGA) lost its recent gains yesterday, dropping 11.39% or $0.1104 to close at $0.8590 on active trading of 2.155 million shares. The alternative energy company, focused on converting waste into hydrogen started to decline after it announced its fourth quarter and full year financial results. While the results were positive, with Q4 revenue up to $1 million from $0.989 million last year and expenses down slightly at $4.7 million compared to $4.9 million, they were not the increase that many investors had been expecting. With an MACD bearish crossover looming, it looks better to sell than hold for now.
Entropic Communications Inc(NASDAQ:ENTR) continued to rally yesterday closing up 1.71% or $0.05 at $2.97 with more than 3.071 million shares changing hands, compared to its three month average trading volume of 1.507 million. The silicon and software solutions provider has been climbing steadily since the beginning of the year and is now up 17.39% YTD, compared to the S&P 500, which is has only increased 0.34% since the beginning of this year. With a one year target estimate of $4.00 and RSI of 57.86 there is plenty of upside, making it a good hold and potential buy.
Electronic Cigarettes Intl Group Ltd(OTCMKTS:ECIG) kept building on its recent gains yesterday to close up 16.22% or $0.024 at $0.1720, on heavy trading volume of 31.726 million shares compared to its three month average trading volume of 17.713 million. The electronic and vapor cigarette manufacturer has been gaining, after its special stockholder meeting on Monday authorized the company to go ahead with a reverse split of its shares, to improve its capital structure and bolster the balance sheet. If Electronic Cigarettes Intl Group Ltd can successfully complete this proposed action, then the stock could rise much further.
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