Are These Stocks Ready To Break Through Their Resistance Levels? Sunesis Pharmaceuticals, Inc. (SNSS), Rent-A-Center Inc (RCII) and Ion Geophysical Corp (IO)
New York, NY – GDP INSIDER – 04/20/2014.
This article discusses three companies: Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS), Rent-A-Center Inc (NASDAQ:RCII) and Ion Geophysical Corp (NYSE:IO)
Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) continued to decline on Friday closing down 6.38% or $0.18 to finish the day at a closing price of $$2.64 on fairly light trading volume of 0.989 million, compared to its three month average trading volume of 1.02 million. Sunesis Pharmaceuticals, Inc’s decline in value came despite the fact that the company did not make any significant announcement or release any financial figure. Despite the loss, the stock is situated 164% well above its 52 week low of $1.00. With one year target price estimate of $3.38 and quarterly earnings growth of 84.60% year on year, the stock has solid investment potential, hold.
Rent-A-Center Inc (NASDAQ:RCII) lost $1.50 during Friday’s trading to finish the day at a closing price of $25.60, a 5.54% decline in value from its previous closing price on higher than average trading volume of 1.298 million, compared to its three month average trading volume of 0.685 million. Rent-A-Center Inc has been in steady decline for the last six months with the stock down 18.91%, compared to the S&P 500 which is up 10.30% for the same period. With a recent bearish MACD crossover and RSI of 31.42, the stock is starting to look undervalued, making it potentially a very good buy if bought at right time.
Ion Geophysical Corp (NYSE:IO) continued to fluctuate on Friday with the stock closing down 5.35% or $0.13 to close at $2.30 on very light trading volume of 0.479 million shares, compared to its 30 day average trading volume of 0.615 million. The US-based technology-focused seismic solutions company has been trading between $2.10 and $2.480 for the last month and is still trading below its one year target price estimate of $3.27. With the stock up 4.55% so far this month, EPS of $-0.78 and a quick ratio of 2.10, it is best to hold for now as it is offering good overall returns.
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