Are These Stocks Overvalued OR Just Getting Started? Dreamworks Animation Skg Inc (DWA), Empire State Realty Trust Inc (ESRT) and Headwaters Inc (HW)
New York, NY – GDP INSIDER – 03/31/2015.
This article discusses three companies: Dreamworks Animation Skg Inc (NASDAQ:DWA), Empire State Realty Trust Inc (NYSE:ESRT) and Headwaters Inc (NYSE:HW)
Dreamworks Animation Skg Inc (NASDAQ:DWA) posted strong gains yesterday with the stock gaining 6.57% or $1.49 to close at $24.27 on heavy trading of 1.746 million shares. The developer and producer of animated films started climbing after its latest movie “Home” had the highest earnings over the weekend at the box office. The film generated more than$54 million in its first weekend, well in excess of most estimates and could help revitalize the struggling studio. With the stock just passing a bullish MACD crossover it could go higher still, making it a buy.
Empire State Realty Trust Inc (NYSE:ESRT) continued to increase yesterday with the stock gaining another 0.85% or $0.16 to close at $18.91 on light trading of 0.472 million, compared to its three month average trading volume of 0.841 million. The real estate investment trust focused on New York and Manhattan has gained 7.57% so far this year, outperforming the S&P 500 which has only managed to gain 1.30% over the same period. The stock is now well on track to meet or exceed its one year target estimate of $19.70, making it a hold with a view to buy.
Headwaters Inc (NYSE:HW) made even further gains yesterday as it continues its relentless upward climb, with the stock increasing 0.55% or $0.10 to close at $18.32 with more than 0.435 million shares changing hands, far lower than its three month average trading volume of 0.720 million. The building products and services provider is now up 22.21% so far this year and 42.89% over the last 52 weeks. With converging MACD and RSI now at 70.93, the stock is starting to look overvalued making it a cautious hold at this time.
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