Harry Boxer: 4 momentum stocks that have more room to run [MarketWatch]
ELDORADO RESORTS (ERI)
Last eldorado resorts earnings: 2/26 04:05 pm
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Source: MarketWatch
Opinion: Harry Boxer: 4 momentum stocks that have more room to run Here are four momentum stocks in gambling, technology and health that look to have more room to run. Eldorado Resorts Inc. ERI, +1.88% popped 7%, or $2.30, on Wednesday to close at $34.55 on heavy volume of 1.3 million shares traded. The move came on no news from the hospitality and gambling stock, which has risen 80% since July and is now up 10% since holding support and snapping back from Tuesday’s low of $31.20. If the stock can surpass recent highs in the $35-$35.15 range, the price may make a run at the next target of $37. Short interest of more than 15 times its average volume could fuel the move as short sellers cover on a rally. Gridsum Holding Inc. GSUM, +1.05% went up 49 cents, closing at $13.28 on very heavy volume of 1.2 million shares traded Wednesday. The move came with news that the AI analytics company had signed a strategic partnership with Bee China to co-develop industrial products. The stock ha
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