Are These Stocks Showing Right Potential? Eagle Bulk Shipping Inc (EGLE), Civeo Corp (CVEO) and BioScrip Inc (BIOS)
New York, NY – GDP INSIDER – 04/08/2015.
This article discusses three companies: Eagle Bulk Shipping Inc (NASDAQ:EGLE), Civeo Corp (NYSE:CVEO) and BioScrip Inc (NASDAQ:BIOS)
Eagle Bulk Shipping Inc (NASDAQ:EGLE) had a light day’s trading with 0.050 million shares changing hands compared to its three month average trading volume of 0.147 million. The stock traded between $8.32 and $8.64 before closing at its opening price of $8.45 with no change on the day. The shares of Eagle Bulk Shipping Inc have been performing well over the past six months with the stock gaining 905.95%, far outstripping the S&P 500, which has gained 7.30% for the same period. With RSI of 42.69, the stock has plenty of upside potential, making it a worthwhile long term investment.
Civeo Corp (NYSE:CVEO) reversed its recent downward trend yesterday with the stock closing up 3.21% or $0.10 to finish the day at a closing price of $3.22 on higher than average trading volume of 2.22 million, compared to its 30 day average trading volume of 1.89 million. The US-based wholly owned subsidiary of Oil States International, Inc, which operated in active oil, coal, natural gas and iron ore producing regions, is currently situated 43.11% above its 52 week low of $2.25 and 88.60% below its 52 week high of $28.25. With EPS of $-1.66 and RSI of 60.27, the company will struggle to make its one year target price estimate of $4.13, making it a hold at this time.
BioScrip Inc (NASDAQ:BIOS) recovered slightly yesterday to close up 1.71% or $0.08 at $4.76 on slightly lighter than average trading volume of 1.47 million shares compared with its 30 day average trading volume of 1.92 million. The home infusion and other healthcare services provider is holding 10.31% above its 20 day moving average of $4.34 but 8.75% below its 50 day moving average of $5.19. The RSI and MFI are 51.65 and 53.62, respectively. Both of these indicate the bullish move could continue, and the technical are not yet indicating any near term reversal, making it a hold.
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