First things first – Happy Independence Day, USA! With the market closed today, we’re going to talk about some of the biggest gainers last week that are expected to stand their ground in the upcoming days. After you are done barbequing, take a look at Tuniu (NASDAQ:TOUR), Endo International plc (NASDAQ: ENDP) and VerifyMe, Inc. (NASDAQ: VRME) to learn why these trending stocks have made our watchlist this week!
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#1 Trending Stocks: TOUR
The Chinese company Tuniu (NASDAQ:TOUR) is among the trending stocks this week as China is loosening its quarantine restrictions. As a leading leisure traveling agency, TOUR stock rose over 23% upon this exciting news.
TOUR is an online platform that provides a wide range of packaged tours in around 420 destinations spread across China and worldwide popular destinations. Needless to say, as a leisure traveling company, TOUR didn’t take well to all the travel restrictions and quarantines.
That’s why the stock regained its momentum the minute China announced it intends to shorten the quarantine period of international travels from 21 days to merely 10 days. In addition to loosening the testing requirements and will only quarantine travelers to China for a week instead of two weeks. This is all great news to traveling agencies located in China or working with Chinese customers like TOUR.
It is also worth noting that earlier in June TOUR released its 2022 Q1 financial records. That highlights some losses the company witnessed over the past year. However with the current global economic crisis and the overall industry’s trends, the decreases are not alarming.
Currently TOUR is valued at $1.29 with a primary support around .95 and a stronger secondary support line nearing .48.
After a major decrease in accumulation on the 28th of June, it is now steadily increasing. Meanwhile MACD is on a recent bullish crossover and RSI is holding at 77 showing that the stock ended the trading week overbought.
As the Chinese government loosens up the travel restrictions more in the upcoming months, TOUR stock might regain a lot of the momentum it lost over the past two years and permanently become one of the best trending stocks.
#2 Trending Stocks : ENDP
Another international stock that was on investors’ radar last week is the Irish company Endo International plc (NASDAQ: ENDP). The stock witnesses a 22.4% increase over the news of the Opana ER antitrust verdict in its favor.
Endo is a specialty pharmaceutical company that focuses on providing high quality and life-enhancing therapies. Since 2014, the company’s subsidiaries Endo Pharmaceuticals Inc. and Endo Health Solutions Inc. have been involved in a number of lawsuits consolidated in the US District Court for the Northern District of Illinois.
These lawsuits include classes of direct and indirect purchasers as well as an alleged violation of the antitrust laws in a settlement agreement between ENDP and Impax Laboratories, Inc. over the Opana ER.
On July 1st, ENDP’s name was cleared as the trial ended and the jury’s verdict came back in favor of Endo. Commenting on that, the company’s Executive VP and Chief Legal Officer – Matthew J. Maletta – said
The verdict confirms that the 2010 settlement agreement between Endo and Impax was procompetitive and enabled Impax to come to market with its generic version of Opana ER years earlier than otherwise would have been permitted.
Following the good news, ENDP stock increased 22.4% to be traded at $.5599. The stock has a resistance around .7997 and a primary support at .4985 as well as a secondary support near .3768.
Accumulation has been drastically increasing and RSI is standing at 62. Meanwhile the MACD is on a bullish crossover. All the indicators are showing great signs for the company moving forward. Scared of missing the next run up? No worries we got your back, just sign up for our free alerts and you will get the latest news before anyone else!
#3 Trending Stocks : VRME
Last but certainly not least VerifyMe, Inc. (NASDAQ: VRME) is among the trending stocks as the company announces a new share repurchase program and liquidation for its special purpose acquisition company (SPAC) – G3 VRM Acquisition Corp (NASDAQ: GGGVU).
As an emerging technology solution provider, VRME and its subsidiary – PeriShip Global, LLC – is focusing on providing enterprises with technologically advanced end-to-end logistics management for their products. The company offers its clients high quality services in the form of flight-tracking software, weather and flight status monitoring systems. As well as dynamic dashboards with real-time visibility of shipment transits and business intelligence.
Recently, the company shared with its shareholders that it does not plan to extend the period for its SPAC as VRME wants to focus all its resources on its core activities.
Additionally, the company’s board of directors also decided to initiate a $1.5 million share repurchase program. For the next year VRME will repurchase shares of its common stock, resulting in a high return of equity and value to its shareholders. Keeping in mind, that the company is under no legal obligation to purchase a specific number of shares and the program can be discontinued at any time.
At the moment, the stock is valued at $2.39 with a resistance around 2,70, a primary support at 2.3 and a secondary one near 2.07.
Although accumulation is trending downwards, the MACD is on a bullish crossover and the RSI is steadily holding at 51.
Bottom Line
The three companies have catalysts that are not going away any time soon. With that in mind, don’t forget to time your entry and exit points so you are not left holding the bag!
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As always, good luck to all (except the shorts)!
Disclosure: We have no business relationship with any company whose stock is mentioned in this video. Viral Stocks is not an investment advisor and this video does not provide investment advice. Always do your own research, make your own investment decisions, or consult with your nearest financial advisor. This video is not a solicitation or recommendation to buy, sell, or hold securities. This video is our opinion and is meant for informational and educational purposes only and does not provide investment advice. Past performance is not indicative of future performance.
