Are These Stocks Long Term Opportunities? ACCO Brands Corporation (ACCO), Intrepid Potash, Inc. (IPI) and Enphase Energy Inc (ENPH)
New York, NY – GDP INSIDER – 04/29/2014.
This article discusses three companies: ACCO Brands Corporation (NYSE:ACCO), Intrepid Potash, Inc. (NYSE:IPI) and Enphase Energy Inc (NASDAQ:ENPH)
ACCO Brands Corporation (NYSE:ACCO) reversed its recent downward trend yesterday with the stock closing up 2.93% or $0.24 to finish the day at a new closing price of $8.43 on lower than average trading volume of 0.683 million, compared to its 30 day average trading volume of 0.724 million. Over the past one week and over the past on month, the shares of US-based school, office and calendar products manufacturer and marketer have gained 1.08% and 4.46%, respectively. With one year price target estimate of $9, the stock has still room to improve, making it a hold for now.
Intrepid Potash, Inc. (NYSE:IPI) continued to climb yesterday with the stock gaining 2.53% or $0.30 to close the day at a new closing price of $12.60 with more than 0.847 million shares changing hands, compared to its three month average trading volume of 0.725 million. The US-based producer of muriate of potash has been underperforming the S&P 500 with the stock down 22.89% over the past one year, compared to the index which is up 12.59% for the same period. The RSI of 53.60 indicates the stock is not undervalued at the current levels, the MFI of 68.43 shows the money is flowing in the right direction and still has room for growth, making it a hold for now with a view to buy.
Enphase Energy Inc (NASDAQ:ENPH) gained $0.21 to finish its trading session at a new closing price of $13.21, a 1.62% increase in value that moved the stock 90.35% above its 52 week low of $6.94 and 26.49% away from its 52 week high of $17.97. Over the past one month and over the past three month, the shares of Enphase Energy Inc have gained 0.92% and 8.90%, respectively. With positive quarterly revenue growth of 56.80% and one year target price estimate of $17.05 the stock does have potential in the long term and could be a good investment, but is at best a hold rather than a buy for now.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.