5 Best Healthcare Technology Stocks To Invest In 2016: Rocket Fuel Inc (FUEL)
Rocket Fuel, Inc., incorporated on March 25, 2008, is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform. Its technology is designed to address the needs of markets in which the volume and speed of information render real-time human analysis infeasible.
The Company's Artificial Intelligence (AI), system autonomously purchases ad spots, or impressions, one at a time, on these exchanges to create portfolios of impressions designed to optimize the goals of Its advertisers, such as increased sales, heightened brand awareness and decreased cost per customer acquisition. Its solution is designed to optimize both direct-response campaigns focused on generating specific consumer purchases or responses, as well as brand campaigns geared towards lifting brand metrics.
Advisors' Opinion:- [By Roberto Pedone]
Another potential earnings short-squeeze candidate is artificial-intelligence digital advertising solutions provider Rocket Fuel (FUEL), which is set to release numbers on Wednesday after the market close. Wall Street analysts, on average, expect Rocket Fuel to report revenue of $98.67 million on a loss of 30 cents per share.
The current short interest as a percentage of the float for Rocket Fuel is extremely high at 24.8%. That means that out of the 19.31 million shares in the tradable float, 4.78 million shares are sold short by the bears. If the bulls get the earnings news they're looking for, then shares of FUEL could easily rip sharply higher post-earnings as the bears jump to cover some of their bets. Keep in mind that this company has a very low float, so a solid quarter could produce a massive short-squeeze due to the large number of shorts involved in the name.
!From a technical perspective, FUEL is currently trending above its 50-day moving average and well below its 200-day moving average, which is neutral trendwise. This stock recently formed a double bottom chart pattern at $14.64 o $15.20 a share. Since that bottom, shares of FUEL have started to uptrend back above its 50-day moving average. That move is now quickly pushing shares of FUEL within range of triggering a major breakout trade post-earnings.
If you're bullish on FUEL, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $17.76 to $18.19 a share and then above its gap-down-day high from August at $19.24 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 696,940 shares. If that breakout materializes post-earnings, then FUEL will set up to re-fill some of its previous gap-down-day zone from August that started near $27 a share.
I would avoid FUEL or look for short-biased trades if after earn
- [By Garrett Cook]
Shares of Rocket Fuel (NASDAQ: FUEL) were down 27.27 percent to $18.00 after the company reported a Q2 loss of $0.11 per share on revenue of $92.60 million. Rocket Fuel also announced the acquisition of [x+1] for $230 million.
source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-healthcare-technology-stocks-to-invest-in-2016.html
No comments:
Post a Comment