This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Newsworthy Stocks to Trade

JDA Software Group

Nearest Resistance: $45
Nearest Support: $44.75
Catalyst: RedPrarie Acquisition

Meanwhile, shares of enterprise software firm JDA Software Group (JDAS) are getting a lot of trading volume this afternoon after the firm announced that it was going private in a $1.9 billion acquisition by rival RedPrarie. The news has JDA up more than 17% as I write, a number that's not likely to change much as the trading session progresses. The acquisition deal is effectively putting a tight fundamentally driven support and resistance level on shares of JDAS, which means that there isn't a trade to be made here unless you already own JDAS.

RedPrarie is buying JDAS for $45 per share, which means that the risk premium priced into this stock works out to a measly 0.5% right now.

Research in Motion

Nearest Resistance: $11
Nearest Support: $8.50
Catalyst: BlackBerry 10 News

Research in Motion (RIMM) is Wall Street's whipping boy no more. The Ontario-based mobile device maker is up more than 8.5% today on news that its BlackBerry 10 platform is ready to launch in the first quarter of 2013. RIMM's BlackBerry line ruled the high-end handset market until Apple (AAPL) stormed in with the wildly successful iPhone, and RIMM has been struggling to recapture lost ground ever since. The good news on the BlackBerry 10 has investors hoping that they'll see revenues move higher again.

From a technical standpoint, RIMM looks great. That's because it managed to break out above $8.50 resistance on today's news. $8.50 had previously been a price ceiling where sellers had been more eager to sell and get out of a losing position than buyers were to step in and start buying. The breakout above $8.50 proves that RIMM can still catch a bid here.

To see these stocks in action, check out the Most-Active Stocks portfolio on Stockpickr.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to
TheStreet . Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily , and on Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
F $11.45 0.00%
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs