Are These Stocks Good In The Medium Term? McDermott International (MDR), Gevo Inc (GEVO) and Molycorp Inc (MCP)
New York, NY – GDP INSIDER – 04/16/2014.
This article discusses three companies: McDermott International (NYSE:MDR), Gevo Inc (NASDAQ:GEVO) and Molycorp Inc (NYSE:MCP)
McDermott International (NYSE:MDR) continued to climb yesterday with the stock gaining another 5.47% or $0.28 to close at $5.40 on quite active trading of 6.71 million shares, compared to its three month average of 5.42 million. The engineering, procurement and installation company has been pulling back recently as oil prices are starting to increase, but without any long term positive news from the oil industry the gains may only be temporary. With RSI of 85.60 it is likely there will be downward pressure on the stock anytime soon, making it a hold or profit-take at this price.
Gevo Inc (NASDAQ:GEVO) declined yesterday with the stock losing 1.27% or $0.003 to close at $0.195 on very slow trading of 1.54 million shares, compared to its 30 day average trading volume of 3.30 million. The renewable chemical and next generation bio-fuels company has been fluctuating between $0.15 and $0.33 for the last month and has been significantly underperforming the S&P 500 so far this year, down 37.50% compared to the index which is up 2.32% over the same period. Without strong positive news it is a sell at this time.
Molycorp Inc (NYSE:MCP) soared 77.12% or $0.414 to finish yesterday’s trading at a new closing price of $0.950 on much higher than average trading volume of 42.35 million compared with its 30 day average trading volume of 5.61 million, after the company announced that for over the next 10 years, it will supply rare earth materials, such as dysprosium, for Siemens wind turbine generators. The news boosted the stock 116.81% above its 20 day moving average of $0.46 and 40.97% above its 50 day moving average of $0.60, and should start to reverse its current negative revenue growth of -6.10%. The company is well funded and a healthy current ratio of 4.10 making it a stock to watch.
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