HotStockProfits.com Issues New Trend Analysis Reports For: Biosante Pharmaceuticals Inc (NASDAQ: BPAX), Golden Star Resources Ltd. (USA) (NYSEAMEX: GSS), Frontier Communications Corp (NASDAQ: FTR), Nokia Corporation (ADR) (NYSE: NOK)
Posted on May 23, 2012 at 06:16 AM EDT
Biosante Pharmaceuticals Inc (NASDAQ: BPAX) was down more than 13% on Tuesday on a significant volume increase after shares reached resistance levels. Currently BPAX has a down-trending RSI at 49 and significant downside risk from a stagnant MACD. Will BPAX drop further or stabilize at current levels?
Golden Star Resources Ltd. (USA) (NYSEAMEX: GSS) was down more than 20%, closing Tuesday's trading session on further deterioration of investor confidence after the company reported a repurchase of an aggregate of $74.5 million of the principal outstanding under its 4.00% Convertible Senior Unsecured Debentures due November 30, 2012 (the "Original Debentures"), by way of privately negotiated transactions with certain holders of Original Debentures. Shares of GSS are down more than 50% since the beginning of April. Presently, GSS has an RSI at 19 suggesting extremely undervalued technical indicators however there has been a significant decline in the MACD associated with recent news. Will GSS spiral further downward?
Frontier Communications Corp (NASDAQ: FTR) declined 1.48% on Tuesday continuing the company's sideways trading pattern since the beginning of May. Currently FTR has an up ticking RSI at 35 and a reversal pattern noted on the MACD, however will this be enough to counter resistance?
Nokia Corporation (ADR) (NYSE: NOK) continued its selloff, declining the company's market valuation another 4% as resistance levels overwhelmed the bulls. FTR currently has a downtrending oversold RSI at 30 yet has seen a gradual pick-up in the MACD. Will NOK witness a bounce from present levels or continue its decline?
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