Advanced Micro Devices
Nearest Support: $2.90
Catalyst: Takeover Rumors >>5 Rocket Stocks to Buy for May Rumors at chipmaker Advanced Micro Devices ( AMD) are spurring shares higher for a third session today, after speculation of a possible buyout offer from Intel ( INTC). While the rumors are just that as of this writing, they're enough to produce some real gains for AMD shareholders. Shares of AMD are up more than 22% in the past three trading sessions alone, pushing the semiconductor stock to a new 52-week high. Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. Traders who aren't too risk-averse may want to consider buying here.
MGM Resorts International
Nearest Support: $13.50
Catalyst: Earnings Beat >>5 Rocket Stocks to Buy for May Casino operator MGM Resorts International ( MGM) is another name that's breaking out to new highs today, only in MGM's case the reasons are a little more palpable. MGM reported its earnings numbers before the bell this morning, posting a surprise profit of 1 cent per share for the first quarter. Analysts had been expecting MGM to lose 10 cents per share instead, so the news gapped shares up early in today's trading. The move is bullish for the same reasons as the jump in AMD -- it's just less prone to headline risk. If you're looking to build a position in MGM, the momentum remains strong in this stock right now.
Alpha Natural Resources
Nearest Support: $6.75
Catalyst: Q1 Loss >>5 Stocks Set to Soar on Bullish Earnings Alpha Natural Resources ( ANR) is getting hit by sellers today. Shares of the small-cap coal miner are down more than 6% this afternoon after it announced a deeper first-quarter loss. Even though the 50-cent per-share loss was smaller than the 58 cents in the red that analysts were expecting, investors didn't mirror the consensus view on Wall Street. They're unloading shares right now. As bad as the 6% decline looks in ANR today, it could actually be worse. Shares of the miner have been stuck in a downtrend since the start of 2013, and today's selloff isn't particularly important from a technical standpoint. As long as ANR can hold support at $6.75, investors may as well hang on.
Nearest Support: $31
Catalyst: Earnings Beat An earnings beat is sending shares of carmaker General Motors ( GM) higher, after the firm announced first-quarter EPS of 67 cents. Analysts only expected the firm to earn 54 cents in the first three months of 2013. Car sales continue to steam on ahead in their biggest market, the U.S., and that's helped to buoy GM's fortunes in the last year. Today's earnings announcement is breaking the stock out to new highs, a bullish signal from a technical standpoint. Don't let that new high water mark scare you -- GM's momentum isn't showing any signs of weakening right now. 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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