Are Atmel Corporation (ATML), Geron Corporation (GERN) and Basic Energy Services Inc (BAS) Looking To Rally?
New York, NY – GDP INSIDER – 03/18/2015.
This article discusses three companies: Atmel Corporation (NASDAQ:ATML), Geron Corporation (NASDAQ:GERN) and Basic Energy Services Inc (NYSE:BAS)
Atmel Corporation (NASDAQ:ATML) fell back slightly yesterday to close down 0.92% or $0.08 at $8.58 on heavy trading of 8.349 million shares, compared to its three month average trading volume of 4.267 million. The microcontroller designer and developer has been fluctuating between $8.28 and $8.92 for the last month with the stock up 2.20% so far this year. With a forecast earnings growth of 26% for 2015, 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.
Geron Corporation (NASDAQ:GERN) bounced back yesterday after Monday’s downward correction to close up 2.93% or $0.12 at $4.19 on slightly higher than average trading volume of 4.085 million shares. The researcher and developer of therapeutic products for cancer has been steadily climbing since the beginning of this month after it announced its restructuring plan to contain and reduce costs. This has boosted the stock price up 32.17% over the last month with no sign at this time that the upward momentum is diminishing making it a hold, with a view to buy.
Basic Energy Services Inc (NYSE:BAS) reversed its recent downward trend yesterday to close up 4.41% or $0.24 at $5.68 with more than 4.465 million shares changing hands, compared to its three month average trading volume of 3.308 million. Basic Energy Services Inc has been in steady decline for the last 52 weeks with the stock down 75.90%, compared to the S&P 500 which is up 12.66% for the same period. With a recent bearish MACD crossover and RSI of 36.15 the stock is starting to look undervalued, making it a potential buy if oil prices increase.
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