Hot Stock's Trend Recap: Milestone Scientific Inc (NYSE: MLSS) – Alpha Beta Stock

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Wall Street was set to open marginally lower on Tuesday as worries about Republican tax plans and the economy’s ability to deal with more rises in interest rates weighed on the mood among investors.

Shares in Home Depot held steady while those in off-price retailer TJX dipped after quarterly reports that bore the impact of a violent U.S. hurricane season.

Buffalo Wild Wings surged 26 percent after a report that the restaurant chain had received a takeover bid at about $2.3 billion from private equity Roark Capital Group.

With the quarterly earnings season winding down, the market has halted after its rally to record highs last week.

Investors were waiting for any signs of compromise on U.S. tax policy after Senate Republicans unveiled a plan last week that would cut corporate taxes a year later than a rival House of Representatives’ bill. (Source: Reuters)

Top Gainer: China Ceramics Co Ltd (CCCL) stock is leading the market today. The stock surged 53.22% to trade at $2.68. A total volume of 5.61M shares was traded, which was above its three months average volume of 55,840.00 shares.

Top Loser: Network-1 Technologies Inc (NTIP) stock plunges -29.89% to trade at $3.05. The fall in shares price comes after a company engaged in the development, licensing and protection of its property assets declared that a jury in the United States District Court for the Eastern District of Texas, Tyler Division, determined that certain claims of Network-1’s Remote Power Patent (U.S. Patent No. 6,218,930) are invalid and not infringed by Hewlett-Packard.

The jury verdict of invalidity and non-infringement, or a final judgment based on this verdict, may be determined to relieve some of Network-1’s licensees of its Remote Power Patent from their obligation to continue to pay royalties to Network-1. Such a determination would have a material adverse effect on Network-1’s business and results of operations.

Stock in Focus: Milestone Scientific Inc. (NYSE: MLSS)

Milestone Scientific Inc. (NYSE: MLSS) has grabbed attention from the analysts when it experienced a change of 16.67% in the current trading session to trade at $1.40. A total of 500,711 shares exchanged hands during the intra-day trade contrast with its average trading volume of 42.48K shares, while its relative volume stands at 42.26. Relative volume is the comparison of current volume to average volume for the same time of day, and it’s displayed as a ratio. If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it.  If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name.  When stocks are *very* In Play one can see a RVOL of 5 and above.  The higher the RVOL the more In Play the stock is.

Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. Most company stocks have very little volatility. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best.

In deciding what to focus on – in a stock, say – a typical day trader looks for three things: liquidity, volatility and trading volume. Liquidity allows an investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. This is a problem for day traders and it could mean the difference between a profitable and non-profitable trade.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000.

Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume – ADTV). A high degree of volume indicates a lot of interest in a stock. Often, a boost in the volume of a stock is a harbinger of a price jump, either up or down.

Volatility is simply a measure of the predictable daily price range—the range in which a day trader operates. More volatility means greater profit or loss. After a recent check, Milestone Scientific Inc. (NYSE: MLSS) stock is found to be 5.15% volatile for the week, while 5.70% volatility is recorded for the month.

Technical’s Snapshot:

The stock has a market cap of $39.55M and the number of outstanding shares has been calculated 32.96M. Based on a recent bid, its distance from 20 days simple moving average is 20.50%, and its distance from 50 days simple moving average is 11.94% while it has a distance of 3.62% from the 200 days simple moving average. The company’s distance from 52-week high price is -34.88% and the current price is 30.23% away from 52-week low price. The company has Relative Strength Index (RSI 14) of 66.21 together with Average True Range (ATR 14) of 0.08.

Stock’s Valuation:

Past 5 years growth of MLSS observed at -17.70%, and for the next five years the analysts that follow this company is expecting its growth at N/A%. The stock’s price to sales ratio for trailing twelve months is 3.63 and price to book ratio for the most recent quarter is 5.22, whereas price to cash per share for the most recent quarter are 13.64. Its quick ratio for the most recent quarter is 1.70. Analysts mean recommendation for the stock is 2.00. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

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