Are There Positives In These Stocks? VirnetX Holding Corporation (VHC), MagneGas Corporation (MNGA) and Dean Foods Co (DF)
New York, NY – GDP INSIDER – 05/12/2014.
This article discusses three companies: VirnetX Holding Corporation (NYSEMKT:VHC), MagneGas Corporation (NASDAQ:MNGA) and Dean Foods Co (NYSE:DF)
VirnetX Holding Corporation (NYSEMKT:VHC) continued to decline yesterday with the stock falling another $0.44 or 6.75% to finish the day at a closing price of $6.08 on slightly higher than average trading volume of 0.856 million, compared to its three month average trading volume of 0.512 million. The internet security software and technology company has been declining steadily for the last one year with the stock down 54.63%, but has been starting to gain back some of these losses since the beginning of the year with the stock up 10.75% year to date. However, with RSI of 37 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.
MagneGas Corporation (NASDAQ:MNGA) declined during yesterday’s trading session as the stock lost $0.058 to close the day at $0.892, a 6.15% decline in value from its previous closing price of $0.95 with more than 2.35 million shares changing hands compared to its three month average trading volume of 0.608 million. The shares are down by 33% over the past one year but are up over 32% year to day. Despite the loss, the stock is trading 114.24% above its 52 week low of $0.42. With RSI at 66.45 and diverging MACD it may continue to climb, but it is unclear by how much making it a hold.
Dean Foods Co (NYSE:DF) climbed yesterday with the stock gaining 6.45% or $1.05 to close at $17.33 on much higher than average trading volume of 5.087 million, compared to its three month average trading volume of 1.63 million. The stock started to climb after it announced its first quarter earnings and second quarter guidance yesterday. The food and beverage company reported earnings of $0.24 per share, beating analysts’ estimate of $0.18 per share by $0.06 per share. With a converging MACD and RSI of 62.79 the stock does not look like it is going to climb much higher in the near term, making it a hold at this time.
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