Top 10 Prefered Stocks To Buy Right Now

Top 10 Prefered Stocks To Buy Right Now: Radio One Inc.(ROIAK)

Radio One, Inc., together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. It engages in the radio broadcasting operation that primarily targets African-American and urban listeners. As of December 31, 2011, the company owned and operated 54 broadcast stations located in 16 urban markets. It also operates an African-American targeted cable television network and Tom Joyner Morning Show; and owns online platform serving the African-American community through social content, news, information, and entertainment, as well as operates various online social networking Websites, including BlackPlanet, MiGente, and Asian Avenue. The company was founded in 1980 and is based in Lanham, Maryland.

Advisors' Opinion:

• [By Roberto Pedone]

  Radio One (ROIAK) is a multimedia company that primarily targets African-American and urban consumers. This stock closed up 5.8% to $2.35 in Thursday's trading session.

  Thursday's Range: $2.21-$2.40
  
  52-Week Range: $0.68-$2.66
  
  Thursday's Volume: 258,000
  
  Three-Month Average Volume: 112,595

  From a technical perspective, ROIAK ripped higher here back above its 50-day moving average of $2.27 with above-average volume. This stock recently formed a triple bottom chart pattern at $2.10, $2.11 and $2.07. Following that bottom, shares of ROIAK have started bounce sharply higher and move within range of triggering a major breakout trade. That trade will hit if ROIAK can manage to take out some near-term overhead resistance levels at $2.46 to its 52-week high at $2.66 with high volume.

  Traders should now look for long-biased trades in ROIAK as long as it's trending above some near-term support levels at $2.10 to $2.07 and then once it sustains a move or close above those breakout levels with volume that hits! near or above 112,595 shares. If that breakout triggers soon, then ROIAK will set up to enter new 52-week-high territory above $2.66, which is bullish technical price action. Some possible upside targets off that breakout are $3 to $4.

• [By Roberto Pedone]

  Radio One (ROIAK), together with its subsidiaries, operates as an urban-oriented multimedia company in the U.S. This stock closed up 3% to $2.67 in Tuesday's trading session.

  Tuesday's Range: $2.56-$2.74
  
  52-Week Range: $0.68-$2.75
  
  Thursday's Volume: 99,000
  
  Three-Month Average Volume: 107,808

  From a technical perspective, ROIAK trended higher here right above some near-term support at $2.48 and above its 50-day moving average at $2.35 with decent upside volume. This move is quickly pushing shares of ROIAK within range of triggering a major breakout trade. That trade will hit if ROIAK manages to take out some near-term overhead resistance levels at $2.74 to its 52-week high at $2.75 with high volume.

  Traders should now look for long-biased trades in ROIAK as long as it's trending above support at $2.48 or above its 50-day at $2.35 and then once it sustains a move or close above those breakout levels with volume that hits near or above 107,808 shares. If that breakout triggers soon, then ROIAK will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $3.50 to $4.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-prefered-stocks-to-buy-right-now.html