Forex Minute Trade Plan – Hot Stock Tips 02/05/2014

Forex Minute Trade Plan - Hot Stock Tips 02/05/2014

Forex Minute Trade Plan - Hot Stock Tips 01/05/2014

As a busy week draws to a close you could be forgiven for thinking that light volume may hamper any real volatility across the equity markets on Friday. For a number of stocks however, the week is very much still in full swing. Here are two to keep an eye on as the day matures.

BlackBerry Limited (BBRY)

First up is BlackBerry Limited. As most are probably aware, the BlackBerry manufactures, engineers and sells wireless communications technology worldwide. The company has had something of a tough couple of years, with competitors Apple and Samsung dominating the smartphone market, but it looks as though BlackBerry is finally finding its place. Relatively new CEO John Chen looks to have turned the company around, cutting costs and raising its market cap. As far as intraday volatility catalysts go, before the bell on Friday the company announced it had signed a deal to provide an anonymous buyer with 1M of its BlackBerry 10 handset – its largest ever single sale. Currently trading just shy of $8, look for an initial upside target of April highs at 8.22.


OpenTable, Inc. (OPEN)

Next up is tech company OpenTable. OpenTable operates a platform through which individuals can reserve restaurant space, operating primarily in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom. The company reported its first quarter 2014 earnings after the markets closed on Thursday, impressing across the board. Revenues increased 18% over the comparable quarter last year to hit $58.3M, while bookings increased 25% over the same period to reach 46.7M. Following the release, a number of major organizations upgraded their stance on OpenTable, including Bank of America and Merrill Lynch upgrading the company from hold to buy. 

Look for all this to spark some intraday upside volatility in the stock. Currently trading at 68.27, look for an initial upside target of Thursday highs at 69.86. A close above this level would bring 73.00 flat into play.

To contact the reporter of this story: Samuel Rae at