3 Stocks Worth The Risk: Synta Pharmaceuticals Corp (SNTA), Emerald Oil Inc (EOX) and Key Energy Services Inc (KEG)
New York, NY – GDP INSIDER – 04/15/2014.
This article discusses three companies: Synta Pharmaceuticals Corp (NASDAQ:SNTA), Emerald Oil Inc (NYSEMKT:EOX) and Key Energy Services Inc (NYSE:KEG)
Synta Pharmaceuticals Corp (NASDAQ:SNTA) continued to climb yesterday with the stock closing up 3.15% or $0.08 at $2.62 on higher than normal trading of 1.84 million shares, compared to its three month average trading volume of 1.26 million. The developer of new oncology medicines has a key new drug candidate ganetespib that is now in multiple phase III trials and could be a significant advance in the treatment of non small cell lung cancer. Despite yesterday’s gains, the stock is down 1.13% so far this year and with RSI of 64.25, it is still looking like a good medium term investment, making it a buy.
Emerald Oil Inc (NYSEMKT:EOX) climbed 1.15% as the stock gained $0.007 to finish the day at a closing price of $0.617 yesterday very active trading of 2.33 million shares, compared to its 30 day average trading volume of 1.78 million. The independent oil exploration and development company has now lost 48.58% of its value so far this year. While not as much as some of its competitors, this level of decline is starting to make the stock look undervalued. With RSI of 26.62 and converging MACD, the technical indicators agree making it a potential buy for now.
Key Energy Services Inc (NYSE:KEG) continued to gain yesterday with the stock soaring 9.29% or $0.17 to close at $2.00 on relatively light trading of 6.77 million shares, compared to its 30 day average trading volume of 2.46 million. The onshore energy production service for oil and natural gas companies has been starting to recover recently, in line with the recent gains in oil. Considering its sector, the stock has been remarkably resilient so far this year, as it is up 19.76% YTD, outperforming the S&P 500 which is only up 1.79% over the same period, but still only a hold.
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