Are These Stocks The Right Buys? Vringo, Inc. (VRNG), American Axle & Manufact. Holdings, Inc. (AXL) and Boyd Gaming Corporation (BYD)
New York, NY – GDP INSIDER – 05/05/2014.
This article discusses three companies: Vringo, Inc. (NASDAQ:VRNG), American Axle & Manufact. Holdings, Inc. (NYSE:AXL) and Boyd Gaming Corporation (NYSE:BYD)
Vringo, Inc. (NASDAQ:VRNG) climbed yesterday as the stock gained 1.11% or $0.008 to finish the day at a closing price of $0.720 on higher than normal trading volume of 1.253 million, compared to its three month average trading volume of 0.731 million. The New York based development stage innovation protection company has been falling steadily for the last one year with the stock down 82.48%, but has been starting to gain back some of these losses since the beginning of the year with the stock up 31% year to date. The RSI of 55 indicates the stock is not overvalued at the current levels, the MFI of 44 shows that money is flowing in the right direction, hold.
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) reversed its recent downward trend yesterday with the stock climbing 1.88% or $0.45 to finish the day at $24.41 with more than 2.100 million shares changing hands compared to its three month average trading volume of 1.09 million. The manufacturer and designer of driveline and drivetrain systems and related components has been on a rollercoaster of late and even with yesterday’s gains, the stock is still down 5.86% for the past one month. With P/E of 12.20 and quarterly revenue growth of 12.80% (yoy), there is plenty of growth potential in American Axle & Manufact. Holdings Inc, making it a hold with a view to buy.
Boyd Gaming Corporation (NYSE:BYD) continued to climb yesterday with the stock gaining 1.33% or $0.18 to finish the day at a closing price of $13.72 on lower than average trading volume of 1.017 million, compared to its three month average trading volume of 1.28 million. The stock is trading towards the end of its 52 week range of $8.78-$15.07. Over the past three months and over the past six months, the shares of multi-jurisdictional gaming company have gained 4.67% and 24.39%, respectively. With RSI of 54.69 and MACD diverging in bullish direction, the stock has plenty of upside potential, hold for now.
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