Which Is The Best Buy? Monitise Plc (MONIF), MEDL Mobile Holdings Inc (MEDL) and RMG Networks Holding Corporation (RMGN)
New York, NY – GDP INSIDER – 03/26/2015.
This article discusses three companies: Monitise Plc (OTCMKTS:MONIF), MEDL Mobile Holdings Inc (OTCMKTS:MEDL) and RMG Networks Holding Corporation (NASDAQ:RMGN)
Monitise Plc (OTCMKTS:MONIF) plummeted 27.34% or $0.0730 to close at $0.1940 yesterday on very heavy trading of 19.416 million shares, compared to its three month average trading volume of 4.235 million shares. The mobile banking and payment services provider started to fall after the company announced that the founder and co-chief executive, Alastair Lukas, was stepping down on the advice of a recent strategic review. The stock has been in decline for the last 52 weeks and has already lost 50.13% of its value this year. With RSI still at 36.03 it is better to sell at the moment.
MEDL Mobile Holdings Inc (OTCMKTS:MEDL) fell back yesterday after posting strong gains on Tuesday with the stock falling 21.30% or $0.0490 to close at $0.1810 with more than 4.146 million shares changing hands, compared to its three month average trading volume of 0.132 million shares. The stock has been underperforming the S&P 500 so far this year with the stock down 5.42%, compared to the S&P 500 which has gained 0.10% YTD. With the mobile application software develop approaching a bearish MACD crossover it is better to sell than hold for now.
RMG Networks Holding Corporation (NASDAQ:RMGN) fell back yesterday with the stock declining 5.30% or $0.08 to close at $1.43 with more than 1.230 million shares changing hands, compared to its three month average trading volume of 0.497 million. The global provider of digital signage solutions declined after it announced it was selling $25 million of Series A Convertible Preferred Stock to institutional and accredited investors at $1 per share. The funds are going to be used to improve liquidity and growth initiatives, which should boost the stock back up after the deal is completed.
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