Should Day Traders Invest In Rosetta Genomics Ltd. (ROSG), Garmin Ltd.(GRMN) and Cisco Systems, Inc.(CSCO)?
New York, NY – GDP INSIDER – 02/19/2015.
This article discusses three companies: Rosetta Genomics Ltd. (USA)(NASDAQ:ROSG), Garmin Ltd.(NASDAQ:GRMN) and Cisco Systems, Inc.(NASDAQ:CSCO)
Rosetta Genomics Ltd. (USA)(NASDAQ:ROSG) saw its value decline by 20.63% during yesterday’s trading as the stock fell to a closing price of $3.81. The stock lost an additional $0.01 during afterhours trading to move to a value of $3.80. While the loss may be disappointing, Rosetta Genomics Ltd can take solace in the fact that the stock remains $1.74 above its 52 week low of $2.07. The company’s volume spiked to a figure of 11.87 million yesterday, which is 11.54 million greater than its three months average trading volume of 0.33 million, after the announcement of patent allowances from the U.S. and Europe on Tuesday. Despite the decline in value, the stock is still holding well above its 50-day moving average of $2.80 and 200-day moving average of $3.39.
Garmin Ltd.(NASDAQ:GRMN) plunged 10.74% as the stock lost $6.10 to move to a closing price of $50.71 after the announcement of weak earnings report for the fourth quarter on February 18. The figures included a total profit of $210.2 million for the quarter, or $0.77 per share, missing analysts’ consensus estimate of $0.78 by one cent. However, the Switzerland-based global positioning system technology provider posted revenue of $803.3 million, beating analysts’ estimates of $790.7 million by $12.6 million for the period. Garmin Ltd had a high trading volume of 7.33 million yesterday, a figure which is substantially higher than its 30-day average trading volume of 1.30 million.
Cisco Systems, Inc.(NASDAQ:CSCO) showed minuscule gain yesterday as the price rose by 0.61% to $29.49 on low trading volume of 24.43 million shares compared to its three month average trading volume of 30.46 million. Over the last one week and over the last four weeks, the shares of Cisco Systems, Inc have gained 7.28% and 6.54%, respectively. Not only that, but the stock is also up by 32.36% over the last one year compared to an increase of 14.82% in the S&P 500 over that period. The RSI and MFI at 64.78 and 57.16 are both positive leaning and do not indicate the imminent threat of a pullback in the shares.
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