Are DSW Inc. (DSW), Ultra Petroleum Corp. (UPL) and Bloomin’ Brands Inc (BLMN) About To Break Out?
New York, NY – GDP INSIDER – 05/15/2014.
This article discusses three companies: DSW Inc. (NYSE:DSW), Ultra Petroleum Corp. (NYSE:UPL) and Bloomin’ Brands Inc (NASDAQ:BLMN)
DSW Inc. (NYSE:DSW) continued its recent downward trend yesterday with the stock closing down 1.45% or $0.51 to finish the day at a closing price of $34.58 on higher than average trading volume of 1.245 million, compared to its three month average trading volume of 1.06 million. Despite the loss, the stock is trading well above its 52 week low of $22.91. The footwear and accessories retailer has been fluctuating between $23.45 and $39.58 for the last one year and has been underperforming the S&P 500 so far this year, down 8% compared to the index which is up 3.02% over the same period. Without strong positive news, it is better to hold at this time.
Ultra Petroleum Corp. (NYSE:UPL) continued its slow climb yesterday with the stock gaining 0.55% or $0.09 to close at $16.33 on light trading volume of 1.727 million shares, compared to its three month average trading volume of 1.97 million. The US based independent oil and gas company has been declining for the past six months like most companies in the sector, due to the unstable prices of oil and other energy commodities. Despite the difficult trading environment, the stock has now gained over 11% in the last three months and may go higher making it a hold.
Bloomin’ Brands Inc (NASDAQ:BLMN) climbed yesterday with the stock gaining 0.64% or $0.14 to close the day at $21.98 with only 1.487 million shares changing hands, compared to its three month average trading volume of 2.11 million shares. The stock has been underperforming the S&P 500 so far this year with the stock down 11%, compared to the S&P 500 which has gained 3.02% over the same period. With the casual dining restaurant company approaching a bullish MACD crossover it is better to hold than buy for now.
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