Can These Stocks Hold the Traction? Gapping up Pre-Bell: Asanko Gold Inc. (ASX:AKG)

Will shares of Asanko Gold Inc. (ASX:AKG) hold onto their early gains?  The stock is gapping up 1.90% before market open touching $1.06 on a recent bid.

Investors may be searching high and low for the secret to attaining success in the markets. Knowing when to sell can be just as important as deciding which stocks to buy. Holding on to a loser for too long may leave a sour taste in the mouth. Investors may have unrealistic expectations about a particular name. Knowing when to cut and run can be a gigantic savior for overall portfolio health. Of course if investors end up selling winners too early, they will most likely be leaving too much profit on the table. Finding a good balance and knowing overall market conditions can help with the decision if the time has come. Closely tracking fundamentals and technicals can help give some insight into stock price behavior. Making sure company earnings are in line may also be a wise choice when investing in a recently researched stock.

Taking a look at several key technical indicators, the stock’s price is $1.06 and their relative strength index (RSI) stands at 41.35.  

Checking on current price levels compared to prior highs and lows, we have seen that Asanko Gold Inc. (ASX:AKG) was recently trading -35.95% away from the 50-day high and 36.77% removed from the 50-day low. Taking a wider view, the current separation from the 52-week high is -77.35%, and the distance from the 52-week low is presently 36.77%.

Since the beginning of the calendar year, Asanko Gold Inc. (ASX:AKG)’s stock has changed -65.36%. Over the last five trading sessions, the stock has moved -5.36%. For the past month, Asanko Gold Inc.’s stock has been 18.59%, -24.82% for the last quarter, -58.27% for the past six months and -74.82% for the past 52 weeks.

Actinium Pharmaceuticals, Inc. (:ATNM) are gapping up 2.52% pre-market with a price of $0.64 on the stock.

Successfully tackling the equity markets may involve owning a wide range of stocks. Some investors may prefer growth stocks while others may opt for value stocks. Having a good mix of both types may help build of solid foundation for the portfolio. Investors may choose stocks in a specific industry that is gaining strength. If the industry is on the rise, the portfolio may be more likely to succeed. Finding companies that are considered leaders in their field may also be on the investor checklist. A company that has a large presence may help ease investor worry, especially in a down market climate. Finding the perfect stocks to add to the portfolio may not always be easy, and in fact it may be quite difficult. Investors may have to lay out goals to help keep things on track for both the short-term and the long haul.

Analyst Outlook

The consensus analysts recommendation at this point stands at 2.00 for Actinium Pharmaceuticals, Inc..  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $6.25 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

The equity stands -70.23% away from the 52-week high and 18.74% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 44.88.

With the recent move, the stock now boasts a market cap of 48.10and a beta of 1.66.

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