3 Smart Investment Options: El Pollo LoCo Holdings Inc (LOCO), Flotek Industries Inc (FTK) and Meritor Inc (MTOR)
New York, NY – GDP INSIDER – 05/01/2014.
This article discusses three companies: El Pollo LoCo Holdings Inc (NASDAQ:LOCO), Flotek Industries Inc (NYSE:FTK) and Meritor Inc (NYSE:MTOR)
El Pollo LoCo Holdings Inc (NASDAQ:LOCO) continued to decline yesterday with the stock losing another 1.43% or $0.38 to finish the day at a closing price of $26.18 on lower than average trading volume of 0.597 million compared with its 30 day average trading volume of 0.945 million. The US based quick-service restaurants chain started the decline on no major news, other than the stock passing through a strong bearish MACD crossover. With RSI now at 43.05, El Pollo LoCo Holdings Inc does not yet look undervalued but may continue to decline, making it a risky hold.
Flotek Industries Inc (NYSE:FTK) continued to climb yesterday as the stock gained sixteen cents to finish the day at a closing price of $14.29 on higher than average trading volume of 1.09 million, compared to its 30 day average trading volume of 0.945 million. Despite the gain, the stock remains towards the bottom of their 52 week range of $13.33 and $32.92. Both the RSI and MFI for Flotek Industries Inc indicate that the stock price is not under significant downward or upward pressure. The indicators are 40and 35, respectively, and are not a cause for concern. Investors can look to buy the shares as they move back higher.
Meritor Inc (NYSE:MTOR) lost $0.23 during yesterday’s trading to finish the day at a closing price of $13.12, a 1.72% decline in value from its previous closing price on higher than average trading volume of 2.03 million, compared to its 30 day average trading volume of 1.21 million, following the announcement of appointment of Rob Speed as the Chief Procurement Officer. The stock has been performing well over the past one year with the stock gaining 17.04%, compared to the S&P 500 which has gained 10.84% over the same period. With its RSI of 54.56 and MACD converging, the stock has plenty of upside potential, making it a hold with a view to buy.
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