Hot High Dividend Companies To Invest In Right Now

After the better than expected numbers for November housing starts were announced yesterday, MoneyShow’s Jim Jubak, also of Jubak’s Picks, crunched the numbers and found some possible solutions for how to play this upwards movement.

I think the market added two plus two and got five yesterday, after the release of better than expected numbers for November housing starts. That doesn’t mean, however, that two plus two equals four isn’t impressive enough to warrant a look from investors at specific stocks in the housing sector. Two that I think are attractive here are homebuilder Lennar (LEN) and flooring retailer Lumber Liquidators (LL).

In numbers reported yesterday morning, housing starts jumped 22.7% to 1.1 million in November from October levels. That was at well above the 950,000 starts expected by economists surveyed by Briefing.com.

That led to huge gains in housing stocks. Lennar climbed 6.3% on the day. D.R. Horton (DHI) closed up 6.4%. Lumber Liquidators rose 6.1%.

Hot High Dividend Companies To Invest In Right Now: Valero Energy Corporation(VLO)

Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. The Refining segment engages in refining, wholesale marketing, product supply and distribution, and transportation operations. It produces conventional gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. This segment also offers conventional blendstock for oxygenate blending, reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board (CARB), CARB diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel. The Ethanol segment produces ethanol and distillers grains. The Retail segment sells transportation fuels at retail stores and unattended self-service cardlocks; convenience store merchandise and services in retail stores; and home heating oil to residential customers. Valero Energy Corpora tion markets its refined products through bulk and rack marketing network; and sells refined products through a network of approximately 6,800 retail and wholesale branded outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco names in the United States, Canada, the United Kingdom, Aruba, and Ireland. As of December 31, 2011, it owned 16 petroleum refineries with a combined throughput capacity of approximately 3.0 million barrels per day; and operated 10 ethanol plants with a combined nameplate production capacity of approximately 1.1 billion gallons per year. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1955 and is based in San Antonio, Texas.

Advisors’ Opinion:

  • [By Ben Levisohn]

    Monday has been among the worst days for stocks this year, and today was no exception, as Pfizer (PFE), American Express (AXP), Valero Energy (VLO), Fossil Group (FOSL) and Mylan (MYL) tumbled.

  • [By Ben Levisohn]

    Refiners like Phillips 66 (PSX), Valero Energy (VLO), Holly Frontier (HFC), Marathon Petroleum (MPC) and Tesoro (TSO) had a painful start to the year. The pain might be about to turn to gain, according to Barclays.

Hot High Dividend Companies To Invest In Right Now: Pernix Therapeutics Holdings Inc (PTX)

Pernix Therapeutics Holdings, Inc. (Pernix), incorporated in November 8, 1996, is a specialty pharmaceutical company focused on the sales, marketing and development of branded and generic pharmaceutical products for pediatric and adult indications in a range of therapeutic areas. It manages a portfolio of branded and generic products and theobromine, a non-codeine, cough suppressant product candidate in development. The Company’s branded products for the pediatrics market include CEDAX, an antibiotic for middle ear infections, NATROBA, a topical treatment for head lice marketed under an exclusive co-promotion agreement with ParaPRO, LLC and a family of prescription treatments for cough and cold (BROVEX, ALDEX and PEDIATEX). It also markets REZYST IM, which is a probiotic blend to promote dietary management. Pernix markets generic products through its wholly owned subsidiary, Macoven Pharmaceuticals, LLC. In January 2013, the Company acquired Cypress Pharmaceuticals, Inc. and Hawthorn Pharmaceuticals, Inc. In March 2013, the Company acquired Somaxon Pharmaceuticals Inc. In September 2013, Pernix Therapeutics Holdings, Inc. completed the sale of certain non-core assets to Breckenridge Pharmaceutical, Inc.

The Company’s customers consist of drug wholesalers, retail drug stores, mass merchandisers and grocery store pharmacies in the United States. It primarily sells products directly to drug wholesalers, which in turn distribute the products to retail drug stores, mass merchandisers and grocery store pharmacies.

ALDEX Line

ALDEX is a line of antihistamines, decongestants and cough suppressants that are indicated for the temporary relief of respiratory allergies, allergic rhinitis and symptoms of the common cold. The Company’s ALDEX product line is marketed in a range of formulations and combinations using different drug-delivery methodologies to target specific segments of the antihistamine, decongest ant and cough suppressant markets. Two used decongestants ar! e phenylephrine and pseudoephedrine.

BROVEX Line

The BROVEX line is a line of antihistamine combinations with the active pharmaceutical ingredient (API) brompheniramine maleate, part of the first generation class of antihistamines called alkylamines that are indicated for the temporary relief of sneezing, itchy, watery eyes, itchy nose or throat, and runny nose due to hay fever or other respiratory allergies. Its BROVEX product line is marketed in a range of formulations and combinations to target specific segments of the antihistamine market. The Company completed the conversion of the BROVEX product family to over-the-counter (OTC) monograph from DESI drugs, in April 2011.

CEDAX Line

CEDAX is a third generation oral cephalosporin indicated for the treatment of mild to moderate acute bacterial exacerbations of chronic bronchitis, middle ear infection due to haemophilus influenza or streptococcus pyogenes. The Company sells a range of dosages utilizing both capsule and oral suspension drug delivery methodologies. It also owns a trademark on the name CEDAX in the United States.

NATROBA Line

NATROBA Topical Suspension is a prescription medicine used to treat head lice (pediculosis capitis) in adults and children four years of age and older. NATROBA contains the active ingredient spinosad, which is derived from a naturally occurring soil bacterium.

PEDIATEX Line

As of December 31, 2011, the only product that the Company marketed and sold in its PEDIATEX line is PEDIATEX TD. PEDIATEX TD is an antihistamine/nasal decongestant combination liquid for oral administration. Each 1 milliliter dose contains the API Tripolidine HC1 and Pseudoephedrine HC1. Tripolidine HC1 is a first generation antihistamine in the alkylamine class. Pseudoephedrine, a decongestant, is a sympathomimetic, which acts on alpha-adrenergic receptors in the mucosa of the respirat ory tract, producing vasoconstriction and having minimal eff! ect on be! ta-receptors. It therefore functions as an oral nasal decongestant with minimal central nervous system stimulation.

REZYST Line

REZYST IM is a probiotic blend that promotes the dietary management of patients with the distinctive nutritional requirements associated with the gastro-intestinal flora. It is formulated to improve the digestive health of patients by replacing the active cultures altered by diet, stress, and antibiotics.

Product Candidates in Development

Product candidates in development include Theobromine. Theobromine is an alkaloid naturally present in dark chocolate which is an existing human metabolite of caffeine. The Company is working on several other product candidates, which includes a prescription product for the pediatrics market. In March 2012, the Company entered into a product development agreement with a private company for this product.

Advisors’ Opinion:

  • [By Jake L’Ecuyer]

    Leading and Lagging Sectors
    Wednesday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Horizon Pharma (NASDAQ: HZNP) and Pernix Therapeutics Holdings (NASDAQ: PTX). In trading on Wednesday, telecommunications services shares were relative laggards, down on the day by about 0.39 percent. Top decliners in the sector included Shenandoah Telecommunications Co (NASDAQ: SHEN), off 3.3 percent, and CalAmp (NASDAQ: CAMP), down around 2.4 percent.

Hot High Dividend Companies To Invest In Right Now: Lojas Renner SA (LREN3)

Lojas Renner SA is a Brazil- based company primarily involved in the operation of department stores. The Company divides its business into two segments. The Retail segment is engaged in sale of women’s, men’s and children’s apparels, underwear and shoes, as well as sportswear and other department stores’ articles in the domestic market. The Company also sells household articles, bedding and bath items, furniture and decoration articles. The Financial products segment is involved in the intermediation of financial services, including brokerage of personal loans, sales financing, brokerage of insurance and bonds, and credit card processing, among others. The Company operates through a numerous subsidiaries, including Dromegon Participacoes Ltda, Renner Administradora de Cartoes de Credito Ltda, Renner Empreendimentos Ltda and Maxmix Comercial Ltda. Advisors’ Opinion:

  • [By Ney Hayashi]

    Anhanguera Educacional Participacoes SA (AEDU3) tumbled after Brazil’s antitrust regulator signaled it may limit the education company’s merger with competitor Kroton Educacional SA. (KROT3) Lojas Renner SA (LREN3) led retailers higher after a report showed Brazil’s industrial production expanded faster than expected in October, easing concern that growth is faltering.

Hot High Dividend Companies To Invest In Right Now: Dolan Co (DM)

The Dolan Company, incorporated in March 2003, is a provider of necessary professional services and business information to legal, financial and real estate sectors in the United States. The Company operates through two operating divisions: its Professional Services Division and its Business Information Division. Its Professional Services Division consists of two segments: mortgage default processing services and litigation support services. Its Business Information Division produces legal publications, business journals, court and commercial media, other online information products and services, and operates Websites and produces events for targeted professional audiences in 21 geographic markets across the United States. Its information is delivered through a variety of methods, including approximately 60 print publications and 80 Websites. The Company also operates specialized information services covering legislative and regulatory activities and providing transcriptio n, media monitoring and translation services. On July 25, 2011, it acquired substantially all of the assets of ACT Litigation Services, Inc. (ACT). In July 2013, the Company sold the assets of its NDeX South business to the law firm affiliates of that business.

Professional Services

The Company’s Professional Services Division consists of two operating segments: mortgage default processing services and litigation support services. Its mortgage default processing services segment consists of the operations of NDeX. Its litigation support services segment consists of the operations of DiscoverReady, its discovery management and document review services business, and Counsel Press, its appellate services business. The Company provides these support services to the legal profession. In addition, NDeX also provides its services directly to mortgage lenders and loan servicers on California foreclosure files. One of the litigation support services it pro vides is discovery management and document review services, ! including certain technology services related to processing and hosting the data. Discovery is the process by which parties use the legal system to obtain relevant information, primarily in litigation, regulatory, and governmental investigation matters. Some United States companies with in-house legal departments choose to perform or manage some portions of the discovery process in-house, rather than outsourcing them.

The Company provides appellate services to lawyers in connection with both state and federal appeals. It performs more state appellate work, as state appellate case volume generally is larger than federal case volume. There are typically about 300,000 state appeals filed each year, compared to approximately 58,000 federal appeals filed per year, according to information available to the Company from the Administrative Office of the United States Courts and the National Center for State Courts. NDeX also provides real estate title services to the B arrett Law Firm and provides loan modification and loss mitigation support on mortgage default files to its customers. During the year ended December 31, 2011, it received approximately 317,200 mortgage default case files for processing from its customers.

In 2011, its mortgage default processing services segment accounted for 46% of its total revenues and 63% of its Professional Services Division’s total revenues. The Company’s litigation support services professionals at Counsel Press provide clients with consulting services, including procedural and technical advice and support with respect to the United States state and federal appellate processes. During 2011, its litigation support services segment accounted for 27% of its total revenues and 37% of its Professional Services Division’s total revenues. In addition to its appellate services, Counsel Press provides additional tracking and professional services to its clients.

Business Infor mation

The Company provides business informatio! n product! s to companies and professionals in the legal, financial, real estate and governmental affairs sectors primarily through print and online business journals and court and commercial newspapers, as well as other electronic media offerings. Its business journals generally rely on display and classified advertising as a significant source of revenue and provide content that is relevant to the business communities they target. Its court and commercial newspapers generally rely on public notices as their primary source of revenue and offer information to the legal communities they target. All of its business journals and court and commercial newspapers also generate circulation revenue to supplement their advertising and public notice revenue base. There were more than 230 local business journals and more than 350 court and commercial newspapers nationwide, which generated approximately $2 billion in revenues in 2011.

The Company sells packaged print and online advert ising products to advertisers that desire to reach readers through different media. Dolan Media Newswires, its Internet-based, subscription newswire, is available at www.dolanmedianewswires.com for news professionals and represents the work of its journalists and contributors. It also operates online, subscription-based legislative information services that are used by lobbyists, associations, corporations, unions, government affairs professionals, state agencies and the media in Arizona, Minnesota and Oklahoma. Through DataStream, it offers customized access to legislative databases, which provide state and federal legislative and regulatory information. Through Federal News, the Company offers transcription services.

The Company provides commercial printing services and sells database information through royalty or licensing fee arrangements. During2011, its subscription-based and other revenues accounted for 8% of its total revenues and 28% of its Business In formation Division’s total revenues. The Company prints se! ven of it! s business information publications at one of its three printing facilities located in Baltimore, Minneapolis and Oklahoma City.

Advisors’ Opinion:

  • [By Lisa Levin]

    The Dolan Company (NYSE: DM) shares fell 27.23% to reach a new 52-week low of $0.50 after the company received a continued listing standards notice from the NYSE and appointed Kevin Nystrom as Chief Restructuring Officer.

  • [By Roberto Pedone]

    Another under-$10 stock that looks poised for a sharp move higher is Dolan (DM), a provider of necessary business information and professional services to the legal, financial and real estate sectors in the U.S. This stock has been hammered by the sellers so far in 2013, with shares off huge by 80%.

    If you take a look at the chart for Dolan Company, you’ll notice that this stock has been downtrending badly over the last two months, with shares plunging lower from its high of $3 a share to its recent low of 66 cents per share. During that downtrend, shares of DM have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of DM into oversold territory, since its current relative strength index reading is 20. Oversold can always get more oversold, but it’s also an area where a stock can make a powerful bounce higher from.

    Market players should now look for long-biased trades in DM if it manages to break out above Thursday’s high of 77 cents per share and then above some more near-term overhead resistance at 80 cents per share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 321,823 shares. If that breakout hits soon, then DM will set up for a possible powerful bounce higher that could easily take this stock back above $1 to $1.20 a share.

    Traders can look to buy DM off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at 71 cents to 66 cents per share. One can also buy DM off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Hot High Dividend Companies To Invest In Right Now: BroadSoft Inc.(BSFT)

BroadSoft, Inc. provides software and services that enable mobile, fixed-line, and cable service providers to deliver unified communications and other voice and multimedia services over Internet protocol (IP) based networks. The company?s communications platform consists of BroadWorks software, which enables its service provider customers to provide enterprises and consumers with a range of cloud-based or hosted IP multimedia communications, such as private branch exchanges, video calling, unified communications, collaboration, and converged mobile and fixed-line services; BroadCloud hosted or cloud service that enables its service provider customers to offer Web collaboration, video conferencing, instant messaging, presence, and short messaging to their end-users; and BroadTouch, a client application that enables carriers to offers unified communications services for smartphones, tablets, desktops, and laptops. It also provides a range of professional support services, i ncluding pre-sales support; installation, network integration, project management, and remote upgrade services, as well as consulting services; product life-cycle services; and training services. The company sells its products to telecommunication service providers directly, as well as indirectly through telecommunications equipment vendors, value-added resellers, and other distributors. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. BroadSoft, Inc. was founded in 1998 and is headquartered in Gaithersburg, Maryland.

Advisors’ Opinion:

  • [By Seth Jayson]

    BroadSoft (Nasdaq: BSFT  ) is expected to report Q1 earnings on May 6. Here’s what Wall Street wants to see:

    The 10-second takeaway
    Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict BroadSoft’s revenues will grow 0.7% and EPS will shrink -62.1%.

  • [By SA Pro Top Ideas]

    Stock Movers and Great Calls
    Alpha-Rich long and short ideas regularly move stocks and identify stocks that are about to move. Some notable recent calls subscribers had early access to:

    On August 2, Josh Burwick argued that the market was underestimating BroadSoft’s (BSFT) 2014 earnings potential, with 50% upside looming for shares. The stock is +10.6% in the three weeks since. Read article » On June 27, Alan Brochstein said Apogee Glass (APOG) offered compelling value as its architectural glass reverted to historic margins. The shares are +20.4% since. Read article »

    To Come Today
    Don’t forget to check your SA Pro dashboard during market hours today for the latest Alpha-Rich ideas, including an undervalued asset manager and a short idea in the oil services sector. Have a great weekend.

    SA Pro Editors
    ……………

    The SA Pro team is Eli Hoffmann (Editor in Chief), Rachael Granby (Editorial Product Manager), Danie l Shvartsman, Samir Patel, Michael McDonald, and Jeffrey Fischer (Senior Pro Editors). You can reach us at pro-editors@seekingalpha.com.

Hot High Dividend Companies To Invest In Right Now: Malaysian Pacific Industries Bhd (MPI)

Malaysian Pacific Industries Berhad (MPI) is an investment holding company. The principal activities of MPI, through its subsidiaries are manufacturing, assembling, testing and sale of integrated circuits, semiconductor devices, electronic components and lead frames to customers globally. The Company’s operating geographical segments include Asia, The United States of America, and Europe. The Company’s subsidiaries include Carsem (M) Sdn Bhd, Recams Sdn Bhd, Carsem Holdings Limited, Carsem Semiconductor (Suzhou) Co., Ltd, Dynacraft Industries Sdn Bhd, Carter Realty Sdn Bhd, Carter Realty Sdn Bhd and Carsem Holdings (HK) Limited. Advisors’ Opinion:

  • [By Sofia Horta e Costa]

    Michael Page International Plc (MPI) increased 1.1 percent to 490.2 pence after Goldman Sachs Group Inc. upgraded the stock to buy from neutral, saying the recruitment firm will benefit from a pick-up in the European economy.

Hot High Dividend Companies To Invest In Right Now: Palo Alto Networks Inc (PANW)

Palo Alto Networks, Inc., incorporated in March 2005, offers a network security platform that allows enterprises, service providers, and government entities to secure their networks. The core of its platform is the Company’s firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture. The Company primarily sells its products and services to end-customers through distributors, resellers, and partners, and directly to end-customers (collectively partners), who are supported by its sales and marketing organization, in the Americas, in Europe, the Middle East, and Africa (EMEA), and in Asia Pacific and Japan (APAC). Its products and services can address a range of its end-customers’ network security requirements, from the data center to the network perimeter, as well as the distributed enterprise, which includes branch offices and a number of mobile devices. It introduced PA-5000 Series and GlobalProtect subscription service in March 2011 and the PA-200 and WildFire subscription service in November 2011.

The Company’s platform is delivered in an appliance form factor and includes a suite of subscription services, as well as support and maintenance. Its subscription services can be activated on any of its appliances. All of the Company’s appliances incorporate its PAN-OS operating system and are based on its identification technologies, App-ID, User-ID, and Content-ID, which allow security policies to be defined within the context of applications, users, and content. It delivers these capabilities through a single-pass parallel processing architecture that simultaneously performs multiple identification, security and networking functions. The Company serves the enterprise network security market, which consists of Firewall/ Virtual Private Network (VPN), Unified Threat Management (UTM), Web Gateway, Intrusion Detection and P revention (IDP/IPS), and VPN technologies. The Company deriv! ed 62% of its total revenue from the Americas, 27% from Europe, the Middle East, and Africa (EMEA), and 11% from Asia Pacific and Japan (APAC) as of January 31, 2012.

The Company derives revenue from sales of its products and services, which together comprise its platform. Product revenue is primarily generated from sales of its Firewall. The Company’s Threat Prevention, universal resource locator (URL) Filtering, and GlobalProtect subscriptions provide its end-customers with real-time access to the antivirus, intrusion prevention, Web filtering, and malware protection capabilities across fixed and mobile devices. The Company’s application classification engine, called App-ID, uses multiple identification techniques to determine the exact identity of applications traversing the network. App-ID is the foundational classification engine that provides the core traffic classification to all other functions in its platform. The App-ID classification is used to i nvoke other security functions.

App-ID uses a series of classification techniques to identify an application. App-ID classifies all network traffic, including business applications, consumer applications, and network protocols, across all ports. User-ID integrates its platform with a range of enterprise user directories and technologies, including Active Directory, eDirectory, Open LDAP, Citrix Terminal Server, Microsoft Exchange, Microsoft Terminal Server, and ZENworks. Content-ID is a collection of technologies that enables its subscription services. Content-ID combines a real-time threat prevention engine, cloud-based analysis service, and a URL categorization database to limit unauthorized data and file transfers, detect and block a range of threats, and control non-work related Web surfing. Its WildFire, cloud-based analysis service provides a real-time analysis engine for detecting previously unseen malware. Its URL filtering database consists of millions of URLs across many categories and is designed to monitor a! nd contro! l employee Web surfing activities. Single-Pass Parallel Processing Architecture (SP3) has two elements: single-pass software and parallel processing hardware.

The PAN-OS Operating System operating system provides the foundation for its network security platform and contains App-ID, User-ID, and Content-ID. PAN-OS performs the core functions of its platform, while also providing the networking, security, and management functions needed for implementation. The PAN-OS networking functions include dynamic routing, switching, high availability, and VPN support, which enables deployment into a range of networking environments. PAN-OS also includes attack protection capabilities, such as blocking invalid or malformed packets, IP defragmentation, TCP reassembly, and network traffic normalization. The Company also offers, such as application traffic management, solution design and planning, configuration, and firewall migration. Its education services provide classroom- style training and are primarily delivered through its partners.

The Company competes with Cisco, Juniper, Intel, IBM, HP, Check Point Software, Fortinet and Sourcefire.

Advisors’ Opinion:

  • [By Jim Jubak]

    But a bigger reason to sell, in my opinion, right now, is a change in the risk/reward profile of the market as a whole. The recent sell off in momentum stocks—which now looks like it’s spreading to consumer discretionary leaders—makes me want to raise cash for the inevitable bounce back in these stocks. I don’t know when we might see that bounce—and I’m not buying yet, since I think we’re still in “catch a falling knife” territory. But when stocks such as FireEye (FEYE), or Palo Alto Networks (PANW), or Incyte (INCY), or Chipotle Mexican Grill (CMG) do bounce, the gains will be bigger and quicker than those in holding Citigroup.

  • [By Rex Crum]

    Network-security technology company Palo Alto Networks Inc. (PANW)  rose 3.7% to end the day at $59.99. Late Monday, Palo Alto said it would acquire privately held cyber-security technology company Morta Security for an undisclosed amount.

Hot High Dividend Companies To Invest In Right Now: Synchronoss Technologies Inc.(SNCR)

Synchronoss Technologies, Inc. provides on-demand transaction management solutions primarily in North America. It offers solutions to manage transactions, including device and service procurement, provisioning, activation, intelligent connectivity management, and content synchronization for communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and e-Tailers/retailers. The company provides ConvergenceNow, ConvergenceNow Plus+, and InterconnectNow platforms that provide on-demand order processing, transaction management, service provisioning, device activation, intelligent connectivity, and content transfer and synchronization through e-commerce, telesales, enterprise, indirect, and other retail outlet channels. It also offers PerformancePartner Portal, a graphical user interface that allows the entry of transaction data into the gateway; Gateway Manager, which offers the capability to fulfill multiple types of transactions; WorkFlow Manager that provides interaction with third-party relationships, as well as enables customers to have a single transaction view, including data from third-party systems; and Visibility Manager, which offers a centralized reporting platform for intelligent analytics around the workflow, transaction management information, historical trending, and mobile reporting for users to receive critical transaction data on mobile devices. In addition, the company provides Content Synchronization Portal that facilitates content migration across devices from different platforms; Device Client, which offers connectivity for activation, connection management, and content migration and synchronization for feature phones, smartphones, computers, and tablets. It sells its products and services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was founded in 2000 and is headquartered in Bridgewater, New Jersey.

Advisors’ Opinion:

  • [By Evan Niu, CFA]

    What: Shares of Synchronoss Technologies (NASDAQ: SNCR  ) have popped today by as much as 12% after the company announced first-quarter results that topped expectations.

  • [By Roberto Pedone]

    Synchronoss Technologies (SNCR) is a provider of on-demand transaction management solutions. This stock closed up 1% at $35.38 in Monday’s trading session.

    Monday’s Volume: 508,000

    Three-Month Average Volume: 284,678

    Volume % Change: 80%

    From a technical perspective, SNCR trended up modestly higher here right above some near-term support at $34.27 with above-average volume. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $26.60 to its recent high of $36.49. During that move, shares of SNCR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SNCR within range of triggering a near-term breakout trade. That trade will hit if SNCR manages to take out some near-term overhead resistance levels at $36 to its 52-week high at $36.49 with high volume.

    Traders should now look for long-biased trades in SNCR as long as it’s trending above some support at $34 and then once it sustains a move or close above those breakout levels with volume that this near or above 284,678 shares. If that breakout hits soon, then SNCR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $43.