Taronis Technologies Inc (fka TRNX)

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Buy Rated Stocks With Upside Potential: Exelixis, Inc. (NASDAQ:EXEL) MagneGas Corporation (NASDAQ:MNGA)

Equity Research firms currently have a positive stance on shares of MagneGas Corporation (NASDAQ:MNGA). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $3.00 on a short term basis.

MagneGas Corporation (NASDAQ:MNGA)’s shares may have a significant upside to the consensus target of 3.00, but how has it been performing relative to the market? The stock’s price is 0.34 and their relative strength index (RSI) stands at 31.97. RSI is a technical oscillator that shows price strength by comparing upward and downward movements. It indicates oversold and overbought price levels for a stock.

MagneGas Corporation (NASDAQ:MNGA) shares are moving 3.38% trading at $0.34 today.