You Cannot Afford to Miss this Smokin’ Hot Stock with 70% Gains for the Week

Posted by on Jul 29, 2010 | No comment

The penny stock of YRC Worldwide Inc. (NASDAQ: YRCW) is soaring in today’s trading. In the past week, the stock has climbed more than 70%. It saw a correction on Tuesday, however, rebounded again on Wednesday and has opened higher again in today’s trading.

Today, the penny stock reached a high of $0.42 in early trading. At last check, it was up 8.54% to $0.385, with volume at 42.42 million in morning trading.

Year-to-date, the YRC stock has fallen 53.79%. The penny stock saw a steep decline in February, following which it rebounded a little in March and April. However, it fell again after the company reported its first-quarter financial results. The stock fell from $0.607 on May 03, a day before the company reported its first-quarter financial results, to $0.112 on July 09, its lowest closing so far this year. However, since then, the stock has rebounded strongly, with the volume traded being much higher than the average.

Much of the momentum that we are seeing currently was build after the company provided an update on its second-quarter results on July 12. The company will report its second-quarter financial results on August 3, 2010. The penny stock is likely to continue to be in focus in the next few trading sessions, as the company prepares to announce its second-quarter financial results.

On July 12, YRC had announced that it is anticipating a positive adjusted EBITDA for the second-quarter financial results, excluding the results from YRC Logistics segment. The company has sold the YRC Logistics business to Austin Ventures, a strategic private equity firm, for $37 million. The company will be reporting the results from its logistics business as discontinued operations. Analysts are expecting the company to report a loss per share of $0.09, for the second quarter of 2010.

Since providing the update on its second-quarter, the penny stock of YRC has jumped from $0.206 to the current level.

The YRC stock has a 52-week range of $0.10-$6.18. The penny stock is currently trading above its 10, 20 and 50 day moving averages, which signals bullishness among investors.

YRC stock has a beta of 2.27, which is higher than those for other companies in the trucking industry.

The penny stock is facing stiff resistance at $0.39 mark. The stock also faces some resistance at $0.41 and $0.44. It has strong support at $0.31.

About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

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This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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