Global Cash Access Holdings, Inc. (NYSE:GCA) saw a strong downward trend over the last couple of months when the stock saw lows of $6.38. Global Cash Access Holdings, Inc. (NYSE:GCA) in the last trading session saw a huge breakout on the back of huge volumes that enabled it break out from a downward channel and also close above its 50 day moving average. The stock is facing stiff resistance near 200 day moving average and in my opinion if the stock closes above $8.17 level we would see much higher levels. Both the Momentum and Relative strength index for the stock have given buy signals that make us bullish on the stock in the near term.
Strayer Education Inc (NASDAQ:STRA) saw a huge trend line breakout once it broke above from the trend line resistance $41.10 bringing to an end the downward trajectory which it had seen after the stock formed lower highs over the last couple of months. Strayer Education Inc (NASDAQ:STRA) saw itself break above the 50 day moving average that had proved to be stiff resistance for the stock that confirms to us the bullish reversal in momentum for the stock. The stock also closed above the previous high which is a very bullish indicator. The RSI and MACD have both given buy signals adding to the bullish signs for the stock in the near term.
Air Transport Services Group Inc. (NASDAQ:ATSG) had been trading in a narrow channel with $8.17 on the upside and $7.36 on the downside. The stock finally broke out on the upside on the back of heavy volumes and saw the stock hit a new high. The momentum indicators for the stock showed waning momentum while trading in a narrow range confirming the lack of interest among buyers was able to give a buy signal after yesterdays’ price action. Relative strength index (RSI) for Air Transport Services Group Inc. (NASDAQ:ATSG) has given a buy signal too, which makes us believe that the buying interest has returned for the stock.
I am not a registered investment advisor and nothing contained in any of the above commenatry should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment.