After stepping to the plate and missing on a few fastballs over the outside corner, Top Equity News hopefully made up for any heart burn with our trading earnings call on Mitcham Industries Inc. (MIND). They beat the street’s consensus number by 20 cents and smoked revenue forecasts too.
The company say strong demand for their products should keep the good times rolling into 2013. MIND opened the week at $22.41 and stopped trading at $26.99 in the after-market. If the stock opens at its after hours price, that’s a nice 20% return in two days.
Let’s see if TEN can find another tradable idea with Delta Air Lines Inc. (DAL). The airline reported that their passenger count and revenues were up in March while the rest of the industry struggled.
Yesterday, DAL shares broke through a multiple top and may have created a cup and handle pattern. Now shares are positioned to close a February gap down from $10.80 to $9.50ish. With the stock closing at $10.32 last night, Delta could move nearly another 5% in a matter of days to weeks.
The stock is definitely headed in the right direction as relative strength is improving, and it MACD line has bypassed the zero buy/sell line. Additionally, DAL’s 12-day moving average has bullishly crossed the 26-day average. These are all positive technical signs, and it is clear Delta has the momentum to move quickly – some might say fly.
Markets have a tendency to overshoot to the upside or downside when momentum is building. A breach of $10.50 and investors have a better than 50% chance of cashing out at $11.25 or better, that’s a respectable 9% return. Add that to our sweet MIND gains and April could be a great month for TEN readers. Heck, we might have even paid your tax bill for you.
Hot Stocks to Watch: DAL and MIND is an article from: 
