GrouponNearest Resistance: $5.50
Nearest Support: $3.75
Catalyst: Earnings Miss >>5 Stocks Set to Soar on Bullish Earnings Groupon ( GRPN) missed earnings -- quelle surprise. Shares of the social deal stock are down around 20% as I write following a 1-cent loss for the fourth quarter and a less than amazing outlook for the quarter ahead. Let's be clear, Groupon hasn't exactly been a bastion of fundamental strength since it went public in late 2011. That said, the amount of negative surprise we're seeing in shares today is, well, surprising. More significant is the technical outlook that this stock is now showing off. Groupon gapped down hard this morning, shoving its way down through a handful of weaker support levels. In short, this stock is having some serious trouble catching a bid. Investors looking for a "bargain" to buy GRPN need to look elsewhere.
American Capital AgencyNearest Resistance: $32
Nearest Support: $31.50
Catalyst: Share Offering $11 billion real estate investment trust American Capital Agency ( AGNC) is another stock that's getting sold off in today's session, albeit for a different reason. AGNC is off around 3% this afternoon following a share offering announcement -- the firm announced yesterday that it planned to sell 50 million shares on the open market. Offerings are rarely positive because they indicate a pressing need for cash and dilute existing owners' stakes; Mr. Market is reacting expectedly. From a technical standpoint, the news derailed the near-term uptrend that shares have been enjoying since November. While that doesn't mean that shares are likely to drop from here (they're very close to support at $31.50), I'd recommend for a floor to get established before jumping onboard this name.
MolycorpNearest Resistance: $11.50
Nearest Support: $6
Catalyst: Filing Delay Molycorp ( MCP) may be trading more or less even on the day, but don't mistake that for a lack of interest; this rare earth mining company is one of the most active stocks trading on the NYSE today. Molycorp is getting attention after announcing that management is delaying filing their annual report with the SEC and postponing its earnings call with investors. Unexpected filing delays are rarely a good thing; often, they involve material unexpected changes to firms' financials, and rarely good ones at that. Until the report gets filed, the exact reason remains anyone's guess. Technically, shares are sitting right at support at $6, a key level that investors should be keeping a close eye on. If MCP closes below that $6 mark, I'd recommend being a seller -- the technicals haven't looked good for this stock in a long time. A silver lining comes from resistance well overhead at $11.50. If MCP can impress investors on their next call, the firm has a lot of space to move higher before hitting selling pressure.
ValeNearest Resistance: $19.50
Nearest Support: $19
Catalyst: Q4 Earnings Mining giant Vale ( VALE) announced positive fourth-quarter earnings, earning the distinction of being one of the few earnings names that's actually seeing its share price increase today. That price action is significant because it hits the brakes on a selloff that's been pushing shares lower since the first trading session of 2013. As Vale attempts to push through nearby resistance at $19.50, investors will get their first glimpse at whether this stock can still court buyers in a market where commodities are starting to lose luster. A breakout above $19.50 is a buy signal for VALE. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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