Are These Stocks Looking To Rally? Zendesk Inc (ZEN) and Cincinnati Bell Inc (CBB)
New York, NY – GDP INSIDER – 04/27/2014.
This article discusses two companies: Zendesk Inc (NYSE:ZEN) and Cincinnati Bell Inc (NYSE:CBB)
Zendesk Inc (NYSE:ZEN) reversed its recent upward trend on Friday with the stock closing down 1.68% or forty cents to finish the day at $23.42 on lower than average trading volume of 0.163 million, compared to its three month average trading volume of 0.551 million. The stock, which traded within a range of $23.38 to $23.85 during Friday’s trading, is currently situated 111.75% above its one year low of $11.06 and only 16.95% below its one year high of $28.20. Zendesk Inc has been doing well over the last 6 months, gaining 16.69% and outperforming the S&P 500 index, which is only up 7.79% for the same period. The RSI of 51.79 indicates the stock is not overvalued at the current levels, the MFI of 66.87 shows that money is flowing in the right direction and still has room to improve. With quarterly revenue growth of 71.10% year on year and consensus target estimate of $29.00, the US-based software development company is a potential investment if you buy at the right time.
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Cincinnati Bell Inc (NYSE:CBB) had a low trading during the day with 0.865 million shares changing hands compared to its three month average trading volume of 0.996 million. The stock traded between $3.54 and $3.60 before closing at its opening price of $3.60 with no change on the day. The full service provider of regional entertainment and communications has been steadily increasing in value since it hit its 52 week low of $2.85 at the end of January. The stock has now gained 12.54% so far this year, outperforming the S&P 500 which is only up 2.86% for the same period. Cincinnati Bell Inc is already trading very close to its one year target estimate of $3.88 and despite the fact that the MACD is still diverging, its current RSI of 52.65 shows that the stock may be heading towards its resistance level and without some strong positive results, may level out or start to fall back again over the near term.
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