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LONDON, UK / ACCESSWIRE / June 15, 2016 / ActiveWallSt.com announces its coverage of market signals with highlight on 52-week high events which are an important milestone for any stock as it shows positive momentum and when buyers might come in. A popular strategy used by a number of savvy investors is to buy when price exceeds 52-week highs. The rationale behind this strategy is that when price breaks out from the 52-week range, this will have added further momentum to push price movement to a favourable direction. There is another strategy where the stock is sold when price reaches its 52-week high on the expectation that price will recede. Register with us now for your free membership and get more on our signal strategies at:
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Today, ActiveWallSt.com is promoting its market signal coverage with emphasis on MEET and MUX. Get all of our research for free by signing up to http://www.activewallst.com/register/.
MeetMe Hits New Stock Price Milestone
On Tuesday, June 14, 2016, shares of MeetMe Inc. (NASDAQ: MEET) reached its 52 week high of $4.79, before closing the trading session at $4.75, up 9.70%. A total of 5.16 million shares changed hands as compared to the average volume of 0.82 million shares. MeetMe stock has soared 61.02% in the past three months and has jumped 234.51% in the past 12 months as compared to the S&P 500 which is down 1.00% during the same time frame.
MeetMe is a social network for meeting new people through its app and website. Sources of revenue for MeetMe is advertising on web portal and through its app, it generates in-app purchases and paid subscriptions. MeetMe last posted its quarterly earnings results on May 05, 2016. The company reported $0.04 earnings per share on revenue of $13.20 million for the quarter, beating analysts' consensus estimates of $0.03 and revenue of $12.80 million.
McEwen Mining Reaches New High
On Tuesday, June 14, 2016, shares of McEwen Mining Inc. (NYSE: MUX) reached a 52 week high of $3.36, before closing the trading session at $3.18, marginally lower at 0.31%. A total of 6.07 million shares changed hands as compared to the average volume of 2.50 million shares. McEwen stock has gained 20.91% in the past one month, while the stock has soared 200% since the beginning of the year as compared to the S&P 500 which is up 1.54% during the same time frame.
McEwen is a Canada-based mining and minerals exploration company with mining facilities on precious and base metals in the U.S, Argentina and Mexico. Shares of McEwen are on an uptrend as Gold prices are making gains amid uncertainty over whether the U.K. will leave the European Union next week, creating uncertainty in the market. In times of uncertainty, Gold becomes a safe haven for investors looking to avoid risk.
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SOURCE: Active Wall Street