Are These Stocks Potential Goldmines? Synthesis Energy Systems, Inc. (SYMX), Millennial Media, Inc. (MM) and Stillwater Mining Company (SWC)
New York, NY – GDP INSIDER – 05/07/2014.
This article discusses three companies: Synthesis Energy Systems, Inc. (NASDAQ:SYMX), Millennial Media, Inc. (NYSE:MM) and Stillwater Mining Company (NYSE:SWC)
Synthesis Energy Systems, Inc. (NASDAQ:SYMX) continued its recent upward trend yesterday with the stock surging 30.26% or $0.46 to finish the day at a closing price of $1.98 on much higher than average trading volume of 4.434 million compared with its three month average trading volume of 0.595 million. The development stage global energy and gasification technology company saw the gains on no major news, but it has pushed the total increase in value of the stock so far this year to 109.80% and its RSI to 74 from 63. If Synthesis Energy Systems, Inc makes further gains, it should enter a higher trading range making it a long term hold or profit-take at this time.
Millennial Media, Inc. (NYSE:MM) reversed its course after Tuesday’s disappointing 1Q15 financial results with the stock gaining thirteen cents to finish the day at $1.57, a 9.03% increase in value from its previous closing price of $1.44 with more than 1.061 million shares changing hands, compared to its three month average trading volume of 0.639 million. The independent mobile trading platform has been trending down over the past one year with the stock down 72.65%, but has been starting to gain some of these losses since the beginning of the last month with the stock up 9.03%. The stock just experienced a bullish MACD crossover which may have triggered the gains. With falling quarterly revenue growth of 10.70%, it is a hold at best.
Stillwater Mining Company (NYSE:SWC) also reversed its downward trend yesterday as it gained $1.15 to finish the day $14.37, an 8.70% increase in value from its previous closing price. The company saw its volume spiked to a figure of 2.865 million shares, which is 1.81 million higher than its three month average trading volume of 1.05, following the announcement of its 1Q 2015 earnings before market open. The platinum group metals processing company reported first quarter profit of $23 million or $0.17 per share, which topped analysts’ estimate of $0.12 per share by $0.05 per share. The shares are down by 2.51% year to date but are up over 8% in the past month. With RSI at 65.40 and diverging MACD it may continue to climb, but it is unclear by how much making it a hold.
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