3 Stocks To Watch: Atmel Corporation (ATML), Vitae Pharmaceuticals Inc (VTAE) and Energy Recovery, Inc. (ERII)
New York, NY – GDP INSIDER – 04/08/2015.
This article discusses three companies: Atmel Corporation (NASDAQ:ATML), Vitae Pharmaceuticals Inc (NASDAQ:VTAE) and Energy Recovery, Inc. (NASDAQ:ERII)
Atmel Corporation (NASDAQ:ATML) climbed slightly yesterday to close up 0.86% or $0.07 at $8.19 on light trading of 3.84 million shares, compared to its three month average trading volume of 4.79 million. The microcontroller designer and developer has been fluctuating between $8.08 and $8.92 for the last month with the stock down 2.03% so far this year. With RSI value of 46.80, Atmel Corporation has solid investment potential and if consolidation continues in the semiconductor sector, it should meet and could exceed its current one year target estimate of $8.96, making it a hold for now.
Vitae Pharmaceuticals Inc (NASDAQ:VTAE) reversed it recent upward trend yesterday with the stock closing down 3.67% after losing fifty four cents to finish the day at a closing price of $14.16 on high trading volume of 0.623 million, compared to its 30 day average trading volume of 0.158 million. Despite the loss, the US based clinical stage biotechnology company is trading 161.74% above its 52 week low of $5.41. The shares of Vitae Pharmaceuticals Inc have been performing well over the past six months with the stock gaining 103.16%, compared to the S&P 500 which has gained 7.30% over the same period, making it a solid hold with a view to buy.
Energy Recovery, Inc. (NASDAQ:ERII) posted strong gains yesterday with the stock climbing 8.52% or $0.27 to close at $3.44 on very active trading of 1.12 million shares, when compared to its three month average trading volume of 0.279 million. The developer and manufacturer of energy recovery devices has gained 32.82% and 23.39% over the past one week and over the past one month, respectively. The RSI of 64.41 indicates the stock is not over valued at the current levels, the MFI of 51.71 shows the money is flowing in the right direction, making it a hold for now.
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