Are These Stocks The Right Buys? Allegheny Technologies Incorporated (NYSE:ATI), CARBO Ceramics Inc. (NYSE:CRR) and InspireMD Inc (NYSEMKT:NSPR)
New York, NY – GDP INSIDER – 04/22/2014.
This article discusses three companies: Allegheny Technologies Incorporated (NYSE:ATI), CARBO Ceramics Inc. (NYSE:CRR) and InspireMD Inc (NYSEMKT:NSPR)
Allegheny Technologies Incorporated (NYSE:ATI) posted further strong gains yesterday with the stock climbing another 14.36% or $4.35 to close at $34.65 with more than 3.336 million shares changing hands compared to its three month average trading volume of 1.03 million. The stock has been outperforming the S&P 500 for the last three months, with the stock up 21.20% compared to the index which has only gained 3.21% for the same period. With RSI now at 67, the stock is showing no signs of stopping, but considering that it has now gained 12.76% in the last five days, it is likely that there will be some profit taking before the weekend, making it a medium to long term hold.
CARBO Ceramics Inc. (NYSE:CRR) has been in a downward trend for the last 52 weeks with the stock declining from a high of $153.07 and bottoming out at $27.97 throughout this period. The stock closed yesterday down 7.55% or $2.76 at $33.80 on low trading volume of 0.856 million after climbing steadily the entire month from a low of $29.50 on April 2. The Texas based oilfield services technology company has good fundamentals and a strong current ratio of 4.40 as well as earnings per shares of $2.42 making it potentially a good buy if bought at the right time
InspireMD Inc (NYSEMKT:NSPR) fell back again yesterday with the stock falling 7.70% or $0.02 to close at $0.24 on active trading of more than 1.655 million shares compared to its three month average trading volume of 0.964 million. The medical device company, which focuses on the development and commercialization of its MicroNet stent platform technology, has been steadily declining for the last 6 months, losing 86.59% and so far this year, it has already lost 69.23% YTD compared to the S&P 500 which is up 1.86% since the beginning of the year. This huge drop has pushed the RSI to 22.59 giving the stock very good investment potential at this price.
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