NXT-ID Inc (NXTD), Spherix Inc (SPEX) and Federal Home Loan Mortgage Corp (FMCC) Flying High But Which Has The Stamina To Keep Climbing?
New York, NY – GDP INSIDER – 03/23/2015.
This article discusses three companies: NXT-ID Inc (NASDAQ:NXTD), Spherix Inc (NASDAQ:SPEX) and Federal Home Loan Mortgage Corp (OTCBB:FMCC)
NXT-ID Inc (NASDAQ:NXTD) soared 22.47% on Friday with the stock gaining $0.71 to close at $3.87 on very active trading of 1.457 million shares. The biometric authentication company has been rallying after it announced that it is going to start shipping the first units of its Wocket smart wallets to pre-order customers over the next few weeks. Since the announcement, the Wocket has received a lot news publicity further boosting the share price. With RSI at 79.47 the stock may be about to reach a new trading level, making it a hold rather than a buy for now.
Spherix Inc (NASDAQ:SPEX) took off on Friday with the stock skyrocketing to close up 20.26% or $0.1577 at $0.9359 on heavy trading volume of 1.726 million. The intellectual property development company that helps monetize new patents saw the gains after it provided a very positive update on thirteen pending lawsuits with VTech and Uniden, that it says strengthen its position in the legal battles and could secure positive results for its shareholders. With the stock now converging on a bullish MACD crossover it has the potential to keep rising making it a hold with a view to buy.
Federal Home Loan Mortgage Corp (OTCBB:FMCC) bounced back on Friday after earlier losses in the week to close up 1.73% or $0.04 at $2.35, with more than 4.105 million shares changing hands compared to its three month average trading volume of 3.371 million. The increase came after an announcement that it was offering over $1 billion in non-performing loans in three groups ranging from $660 million to $125 million at auction on March 24. This is the largest sale of these loans so far and could help keep the stock moving up, making it a hold at the moment.
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