Mid Week Watchlist!!!
There are some exciting opportunities presenting themselves this week.
We are looking at three securities that are breaking out or on the verge of breaking out.
The first… drum roll please…
$CYBR
HPN swing trades reported on $CYBR 16 days ago as a sock to watch, and today, shares of Cyber-Ark Software (CYBR) surged 17.66% to $39.65 in after-hours trading Wednesday after the information security company reported third-quarter earnings that smashed analysts’ expectations.
The company posted adjusted income of $5.9 million for the quarter, up from $3.3 million in the same period one year earlier. Adjusted earnings totaled 20 cents a share, up from 12 cents a share in the third quarter last year. Revenue rose 66% year-over-year to $28 million.
Analysts had expected earnings of a penny a share on revenue of $20.89 million.
A hot one for sure!
The next stock to watch is…
$ACHN
Shares of Achillion Pharmaceuticals (ACHN) continued to climb, up 7.07% to $13.36, in late morning trading Wednesday after the company reported encouraging interim results from a Phase II study of its hepatitis C drug ACH-3102.
The study is testing the efficacy, safety and tolerability of ACH-3102 administered over eight weeks in combination with Gilead Sciences’ (GILD) drug Sovaldi in patients infected with the hepatitis C virus. Data showed that all 12 patients enrolled in the trial achieved sustained viral response 12 weeks after the eight weeks of treatment, which was the primary objective of the trial.
Achillion also announced it saw no on-treatment viral breakthrough or post-treatment viral relapse during the study.
And… the last mid week stock to watch is…
$VGGL
First of all the name is fun to say. Say it, out loud. VIGGLE!!!
We are watching this because shares of Viggle Inc. (VGGL) are up 52.17% to $2.45 today on heavy trading volume after reporting first quarter fiscal 2015 revenue grew 49% to $6.476 million from $4.338 million a year ago.
For first quarter of fiscal 2015, Viggle reported an adjusted EBITDA loss of $7.8 million as compared to an adjusted EBITDA loss of $5.9 million a year earlier.
The entertainment marketing and rewards platform company said total reach was 26.2 million and active reach was 10.3 million in September 2014. The Viggle platform’s net registered users surpassed 7 million during the quarter, which was an increase of 112% from the same quarter of the prior year.
So, there you have it. Our mid week watchers!!!
Trade smart!
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