I've really been trying to take from the How to Make Millions videos and apply that information to how I pick stocks to trade and how to trade.
I think $RSYS is a good example of what type of stock to trade and how. First off, it was in the top big gainers for the day which prompted me to investigate a little more. According to articles on Yahoo Finance the company reported a loss of $3mil in the first quarter, but that it topped expectations per share by $0.02.
"HILLSBORO, Ore. (AP) _ RadiSys Corp. (RSYS) on Tuesday reported a loss of $3 million in its first quarter.
The Hillsboro, Oregon-based company said it had a loss of 8 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 5 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share."
That apparently translated to an earnings winner of sorts and the stock climbed over 12% in the day.
The other reason I liked this ticker was that on the technical you can see that it had a nice breakout from Feb 24th 2014 at the level of about $4.55 and that it was now accumulating at the next breakout level on the weekly chart of about the $5.00 to $5.10 range from July 29th 2013.
Should positive momentum continue and the new breakout takes place the next major resistance level is around the $6.50 range.
So with that said, tomorrow will tell if my plan was correct.