Rising Stocks: Energy Focus Inc(NASDAQ:EFOI), Broadcom Corporation(NASDAQ:BRCM), and Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA)
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Energy Focus Inc(NASDAQ:EFOI) saw its value increase by 41.2% yesterday as the stock gained $2.41 to move to a new closing price of $8.26. The Ohio-based company also reached a new 52 week high of $10.71 during the day. Energy Focus Inc(NASDAQ:EFOI) announced Thursday morning that it had received a $7.7 million order for the United States Navy combatant ship forces. The stock gained an additional nine cents during after-hours trading.
Broadcom Corporation(NASDAQ:BRCM) enjoyed a 0.22% increase in value yesterday as the stock rose nine cents to reach a closing price of $40.71. The stock has closed within a range of $36.65 to $41.04 over the past three months. Broadcom Corporation(NASDAQ:BRCM), a California-based wireless and broadband communication business, announced Thursday morning that it will be powering TiVo’s new Ultra HD set-top box technology. The company currently has a market capitalization of $21.98 billion.
Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA) gained twenty-four cents yesterday as the stock reached its new closing price of $3.56. This 7.23% increase in value places the stock $2.53 above its 52 week low of $1.03. To contrast, Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA) is now situated $2.79 below its 52 week high of $6.35. Fannie Mae’s stock had a trading volume of 7,551,975 yesterday, a figure which is over 1.5 million higher than its three month average of 6,033,580.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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