Opening Bell Trading Targets: AOL, Dendreon, and Green Mountain Coffee
AOL (NYSE:AOL) earnings are better than expected. Advertising revenue, which is the biggest top-line contributor, rose 5.2 percent to $330.1 million with a double-digit rise in third party network revenue.
The stock is facing resistance at $26. If traders can blow through that mark with conviction, the stock should continue it’s run to the upside.
Dendreon (NASDAQ:DNDN) is a top day trading vehicle. If you like wicked beta and crazy headline driven trading, DNDN is for you. The stock recently disappointed with their earnings release. The stock has been getting hammered since.
The chart below shows this stock is a roller coaster for pure speculators. Keep an eye on the 52-week low of $6.46. A retest of the low is likely in the cards.
If you are concerned with more than day trading DNDN, don’t miss Dendreon Executive Insights: New Account Data, Growth Guidance >>
Green Mountain Coffee Roasters (NASDAQ:GMCR) has been getting, well, roasted. Now, founder and Chairman Robert Stiller and director William Davis have been forced to resign from the company’s board. The company shocked Wall Street with a super gloomy outlook during recent earnings.
With a drop off the cliff like the one below, this one is harder to trade. It’s very possible to get a dead cat bounce and value investors nibbling. Best to keep your eye on the one-day chart until a bottom forms.
Investing Insights: Here’s Why Green Mountain’s Cup is Half Empty >>