Tech Stocks to Watch by Mega Stock Picks Include: QFOR, MOTR, PWER, RFMD and VG
Volume for Quadrant4 Corp. (QFOR) Jumps Over 3,000 Percent Following Report of Upgrade
The tech company, based in Rolling Meadows, Illinois outside Chicago, traded up over 25 percent at times before closing up slightly at .42 on volume of 221,632 shares. The three-month average heading into Friday was around 6,000 shares.
Quadrant4 (QFOR) posted news on Friday that it received an upgrade from a trade publication. The company also announced the development of its cloud enabled comprehensive platform for the national health insurance exchanges which will become operational in 2014.
Mega Stock Picks, which publishes free stock reports at www.megastockpicks.com, stated in its premarket alert on Friday that QFOR is positioned to make a run.
The alert highlighted QFOR's low float, low price range and partnerships with big-name businesses like Oracle, Walgreens, Kodak, and Paychex. "With these recent developments and price range we feel the timing to get into QFOR is now," the report states. "We could be talking about a double in the near term and significantly higher than that in the long term."
Other stocks on the Mega Stock Picks watch list this week include Motricity, Inc. (NasdaqGS: Motr), Power-One, Inc. (NasdaqGS: PWER), RF Micro Devices, Inc. (NasdaqGS: RFMD), and Vonage (NYSE: VG).
Mega Stock Picks says to watch these stocks because they are all under $5. And with the market rally as of late, QFOR, MOTR, PWER, RFMD and VG could be considered undervalued.
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