Are These Stocks Due To Rise? FelCor Lodging Trust Incorporated (FCH), Synta Pharmaceuticals Corp (SNTA) and Scientific Games Corp (SGMS)
New York, NY – GDP INSIDER – 03/25/2015.
This article discusses three companies: FelCor Lodging Trust Incorporated (NYSE:FCH), Synta Pharmaceuticals Corp (NASDAQ:SNTA) and Scientific Games Corp (NASDAQ:SGMS)
FelCor Lodging Trust Incorporated (NYSE:FCH) fell back slightly yesterday as the shares declined 0.08% or $0.01 to close at $12.22 with more than 0.820 million shares changing hands. The correction came as many investors started to take their profits after the real estate investment trust hit a 52 week high of $12.43 on Monday, most likely marking the end of the share’s recent bullish run following the $29 million sale of Embassy Suites Hotel last week. With FelCor Lodging Trust Incorporated’s RSI still at 78.10, the stock may fall further making it a sell or long-term hold.
Synta Pharmaceuticals Corp (NASDAQ:SNTA) continued it unpredictable trading with the stock declining 4.65% or $0.12 yesterday to close at $2.46 on active trading of 1.154 million shares, compared to its three month average trading volume of 0.922 million. The small molecule cancer treatment developer has been trading within a fairly narrow range of $2.28 and $2.69 for the last month, with no sign of pushing out of this zone. The stock has just experienced a bullish MACD crossover which could indicate gains in the near term, but it is a hold for now.
Scientific Games Corp (NASDAQ:SGMS) posted further small gains yesterday with the stock rising another 1.33% or $0.15 to close at $11.41 on light trading of 0.527 million shares, compared to its three month average trading volume of 0.961 million. The provider of gaming and lottery technology and services is still struggling to recover from its poor fourth quarter and full year’s results announced in the middle of March. With RSI at 37.44 and MACD converging there is definitely more upward potential in the stock, making it a hold with a view to buy.
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