Should You Buy Cache Inc (CACH), Planar Systems, Inc. (PLNR), and ZaZa Energy Corporation (ZAZA)?
New York, NY – GDP INSIDER – 12/30/2014.
These article talks about Cache Inc (NASDAQ:CACH), Planar Systems, Inc. (NASDAQ:PLNR), and ZaZa Energy Corporation (NASDAQ:ZAZA). Out of the three stocks discussed one stock looks to be in downtrend whereas the other two are showing signs of moving up.
Cache Inc (NASDAQ:CACH) was one of the notable gainers in trade today. The stock rallied by close to 12% on the back of above average volumes which is considered to be a bullish sign. The stock rallied on the back of positive economic reports coming out of the US economy which shows that the growth trajectory for the economy remains intact. The stock has been in a strong uptrend over the past month, outperforming the broader markets. The relative strength index for Cache Inc (NASDAQ:CACH) has given a fresh buy signal which is being seen as a huge positive.
Planar Systems, Inc. (NASDAQ:PLNR) was another notable mover in the trading session yesterday. The stock rallied by close to 7% on the back of high volumes which is seen to be a bullish sign. The stock hit a fresh 52-week high in yesterday’s trading session which is seen as a huge positive for the stock. The stock has been in a strong uptrend over the last year returning close to 221% over the last year. The company has been rallying on the back of the strong fundamentals and a better than expected earnings reports. The company has also provided for a strong forward guidance.
ZaZa Energy Corporation (NASDAQ:ZAZA) moved down by 7% in yesterday’s trading session to close at $3.08 on high volumes which is considered to be a bearish sign. The stock came under selling pressure on the back of the broad-based weakness seen in the crude prices which were down by another 2% in yesterday’s trading session. Analysts on the street believe that a falling crude price would negative affect the profit margins of a company like ZaZa Energy Corporation (NASDAQ:ZAZA) going forward.
Could ZAZA Continue To Fall Or Will We Find Support In The Near Future? See What Is In The Cards For ZAZA With A Complementary Trend Analysis.
UltimateStockAlerts.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word ULTIMATE to 555888 from your cell phone.
UltimateStockAlerts continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: UltimateStockAlerts is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.