3 ASX Stocks under Scrutiny for Daily Stock Tips


Stocks are bound to see fall and rise over a period of time considering the market conditions and sometimes undergoing projects and other activities that contribute towards the movement. Further, the movements can be key to deciding for daily stock tips with opportunities unveiling for entry position or for booking profits. Here are three stocks which have seen significant movements over 12 months period.

Vocus Group Limited (ASX: VOC) is a telecom sector stock that has seen a downfall for quite some time – the stock tumbled by -3.292% as the daily price movement and $-0.080 daily change to close at $2.350 which is near its 52 week low of $2.110, as at June 25, 2018. The stock has seen a performance change of -33.8% over the past 12 months. The price change over the same period has been from $3.500 as at June 22, 2017 to $2.430 as at June 22, 2018. However, VOC was seen to be recovering on June 26, 2018 with an initial 1% rise on ASX by mid-day trading. Group Chief Financial Officer, Mark Wratten, has lately flagged that the group has closed its new and upsized syndicated debt facility (A$1,270 million and NZ $150 million). This facility that is now in place will help executing the strategic initiatives over the coming years. This has showcased that despite market challenges and group-level shortcomings seen over the last one year, VOC existing and new bank group partners continue to support the group.

Medical Device and Healthcare group, Airxpanders Inc. (ASX: AXP) was founded in 2005. Airxpanders Inc.’s AeroForm is used in patients undergoing two stage breast reconstruction. Further, AeroForm in 2016 was granted U.S FDA authorization. Headquartered in Palo Alto, California, the company’s vision is to be a global leader in reconstructive surgery products. On June 25, 2018, the stock of the company traded at $ 0.092 and had risen 15% in last one month. However, it was found to be again slipping in negative territory on June 26, 2018, trading around $0.092 by mid-day. The stock is near its record 52 weeks low of $0.072 and has seen a performance change of -86.27% over the past 12 months. The company has its new CEO, Mr. Frank Grillo on Board and announcements and forward statements are made based on management’s belief with the long term prospects for the business, improved effectiveness of sales model, reduction in cash burn and achieving profitability. While the group is positive on expansion of customer base, and therefore, believes in working on efficient use of AeroForm; the stock movement is yet to demonstrate great returns for the shareholders.

Now, in view of the sinusoidal stock trends, we have one gold stock that has seen a rise recently. The stock under consideration is Northern Star Resources Limited (ASX: NST). While gold stocks have been on a different trend these days irrespective of market volatility, NST has been surrounded by positive sentiments around the mining industry. The stock on previous close (June 25, 2018) traded at $6.890 which is near its record 52 week high of $6.970. The company is into exploration of gold and other minerals and also gold production. The stock saw a daily price change with a rise of 5.352% as at June 25, 2018, and continued the upward trend on June 26, 2018. Coming to the last one year performance, the stock has seen a change of 46.28%, and a price change from $4.850 as at June 22, 2017 to $6.540 as at June 22, 2018. The company has lately hit the production rate target of 600,000 ozpa, and production for June quarter to date is 150,000 oz.

Based on the above, these three stocks are yet to look appealing with respect to daily stock tips for making great returns at the moment, however, these are under the radar to be watched for further developments.


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