3 Sliding Stocks: Bonanza Creek Energy Inc (BCEI), Neuralstem, Inc. (CUR) and Excel Trust Inc (EXL)
New York, NY – GDP INSIDER – 05/05/2014.
This article discusses three companies: Bonanza Creek Energy Inc (NYSE:BCEI), Neuralstem, Inc. (NYSEMKT:CUR) and Excel Trust Inc (NYSE:EXL)
Bonanza Creek Energy Inc (NYSE:BCEI) lost $0.90 to finish the day at a closing price of $25.56, a 3.40% decline in value from its previous closing price on higher than average trading volume of 1.334 million, compared to its three month average trading volume of 1.31 million. The US-based oil and natural gas company has been making gains all last month, giving it a total increase this year of 6.50%. The stock has started to rebound due to increasing oil prices. Overall, the stock is still down 46.75% over the last 52 weeks, but the recent gains have started to push its RSI upward, which could indicate it is heading to a higher trading range making it a hold for now.
Neuralstem, Inc. (NYSEMKT:CUR) continued to decline during trading yesterday as the stock lost $0.02 to finish the day at a closing price of $1.87, a 1.06% decline in value from its previous closing price on lower than average trading volume of 0.450 million compared with its three month average trading volume of 1.23 million. The company, which is engaged in the development and commercialization of treatments based on human neural stem cells, has been significantly underperforming the S&P 500 so far this year, down 31.25% compared to the index which is up 2.70% over the same period. With a one year target price of $4.75 and quarterly revenue growth of 86.60% year on year, the stock still has upside potential, hold.
Excel Trust Inc (NYSE:EXL) lost three cents as the stock declined 0.19% to finish the day at $15.88 with only 0.681 million shares changing hands compared to its three month average trading volume of 0.818 million. Over the past one month and over the past three months, the shares of Excel Trust Inc have gained 12.94% and 14.99%, respectively. While the MFI of 46 is not concerning, the RSI of 76 is on the verge of pushing into more concerning territory. That said, the stock could move higher, and these technical are not yet indicating a strong near term reversal.
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