3 Stocks To Watch: Ocwen Financial Corp(NYSE:OCN), Spirit Airlines Incorporated(NASDAQ:SAVE) and Arch Coal Inc(NYSE:ACI)
New York, NY – GDP INSIDER – 03/17/2015.
This article discusses three companies: Ocwen Financial Corp(NYSE:OCN), Spirit Airlines Incorporated(NASDAQ:SAVE) and Arch Coal Inc(NYSE:ACI)
Ocwen Financial Corp(NYSE:OCN) had a relatively slow trading day yesterday with the stock closing down 7.79% or $0.73 at $8.64 on very light trading of 4.53 million shares, compared to its three month average trading volume of 9.30 million. The Atlanta-based financial services holding company, which is engaged in the servicing of mortgage loans, has been trending down recently, losing 68.58% over the last six months compared to S&P 500’s gain of 4.11% over the same period, making it a ‘hold’ for now.
Spirit Airlines Incorporated(NASDAQ:SAVE) gained $2.08 to finish the day at a new closing price of $78.65, an 2.71% increase in value from its previous closing price on low trading volume of 0.992 million. The $5.57 billion market company, which fluctuated between $77.11 and $78.67 during the day, currently situated 49.10% above its 52-week low of $52.75 and 7.85% below its 52-week high of $85.35. Over the past one week and over the past 3 months, the shares of Spirit Airlines Incorporated has gained 5.06% and 13.99%, respectively. The stock has an RSI of 57.10, which indicates that the stock is not overbought at the current levels and still has room for the upside.
Arch Coal Inc(NYSE:ACI) lost $0.040 to finish the day at a closing price of $0.839. The 4.51% decline in value came on a day when the stock also traded for as little as $0.80, a new 52 week low for the US-based diversified coal company, which once traded for as high as $5.37. Coal as an energy source is under increasing scrutiny and regulation and demand is slowly declining, but it is still an essential resource for a number of industries. Arch Coal Inc has an RSI of 24.10, which indicates that the stock is oversold at the current levels. With a one year target price of $1.72, the company still has good upside potential in the short to medium term.
UltimateStockAlerts.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word ULTIMATE to 555888 from your cell phone.
UltimateStockAlerts continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: UltimateStockAlerts is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.