3 Stocks To keep Your Eyes On: MGIC Investment Corp. (MTG), Xoom Corp (XOOM) and Callaway Golf Co (ELY)
New York, NY – GDP INSIDER – 04/15/2014.
This article discusses three companies: MGIC Investment Corp. (NYSE:MTG), Xoom Corp (NASDAQ: XOOM) and Callaway Golf Co (NYSE:ELY)
MGIC Investment Corp. (NYSE:MTG) soared to reach a new one year high of $10.13 yesterday before falling back to close up 0.70% or $0.07 at $10.09 on low trading volume of 3.688 million shares compared to its three month average trading volume of 4.81 million. The US-based private mortgage insurer has been outperforming the S&P 500 so far this year, with the stock climbing 8.26% compared to the index, which is up only 1.79% for the same period. In addition, the RSI and MFI are 65.35 and 60.11, respectively. Both of these indicate that the stock is not overvalued at the current levels and the money is flowing in the right direction and still has room to improve.
Xoom Corp (NASDAQ: XOOM) climbed yesterday as the stock gained $0.46 to finish the day at a closing price of $15.61 on lower than average trading volume of 0.146 million. The company is a provider of consumer-to-consumer money transfer services across the globe. The shares seem to have found a bottom since mid-January, and trends could start to reverse themselves. The MFI is currently 59.15 and has moved in a positive direction of late. In addition, it does not appear to be oversold or overbought based on the Bollinger bands, and the RSI is 58.47. While these technical indicators support that it has found a bottom, others also show that it could break through resistance levels and move higher.
Callaway Golf Co (NYSE:ELY) declined 0.21% as the stock lost $0.02 to finish the day at a closing price of $9.46 on no major news. The $739.11 million market cap company, which fluctuated between $9.31 and $9.51 during the day, had a low trading volume of 0.516 million, a figure which is 0.204 million lower than its three month average trading volume of 0.705 million. The stock has been performing well so far this year with the stock up 22.68%, far outperforming the S&P 500 which is only up 1.78% over the same period, making it a buy.
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