A Mixed Bag Of Potential? Select Medical Holdings Corporation (SEM), Aecom (ACM) and Halozyme Therapeutics, Inc. (HALO)
New York, NY – GDP INSIDER – 05/13/2014.
This article discusses three companies: Select Medical Holdings Corporation (NYSE:SEM), Aecom (NYSE:ACM) and Halozyme Therapeutics, Inc. (NASDAQ:HALO)
Select Medical Holdings Corporation (NYSE:SEM) continued to decline yesterday with the stock closing down 3.20% or $0.49 to close the day at $14.80 on light trading volume of 0.664 million, compared to its three month average trading volume of 0.920 million. Despite the loss, the stock is trading 31.05% above its 52 week low of $11.29 and 7.30% above its 200 day moving average of $13.79. However, with RSI of 49.94 and bearish MACD divergence, the stock may continue to fall in the near term. At this time, it is a risky buying opportunity, but one that may be worth it over the medium term.
Aecom (NYSE:ACM) suffered a decline yesterday as the stock lost $0.78 to finish the day at a closing price of $30.97, a 2.46% decrease in value from its previous closing price of $31.75. The company’s trading volume spiked to a figure of 3,914,738, which is significantly higher than its three month average trading volume of 1.49 million following the announcement of its fiscal second quarter results yesterday. The company reported earnings per share of $0.58, which topped analysts’ estimate of $0.54 per share by $0.04 per share. The US based professional technical and management support services provider around the world posted revenue of $4.51 billion for the quarter, which missed analysts’ estimate of $4.57 billion by $0.06 billion. With RSI of 41.52, it is a hold for now.
Halozyme Therapeutics, Inc. (NASDAQ:HALO) shares jumped yesterday as the stock gained 4.23% or $0.65 to close the day at $16.02 on slightly lower than average trading volume of 1.256 million, compared to its three month average trading volume of 1.42 million. The stock has seen its value increase by 101.51% over the past one year, far outperforming the S&P 500 index which is up only 11.15% for the same period. With quarterly revenue growth of 66.70% year over year and RSI of 54.41, the stock has plenty of upside potential to achieve or exceed its one year price target estimate of $18.63, making it a solid hold.
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