Are These Stocks Undervalued? Blackrock Muniholdings New York Qulty Fd (MHN), Investors Bancorp, Inc. (ISBC) and Zulily Inc (ZU)
New York, NY – GDP INSIDER – 05/20/2014.
This article discusses three companies: Blackrock Muniholdings New York Qulty Fd (NYSE:MHN), Investors Bancorp, Inc. (NASDAQ:ISBC) and Zulily Inc (NASDAQ:ZU)
Blackrock Muniholdings New York Qulty Fd (NYSE:MHN) had a good day in its last trading session, increasing in value by 0.14% to $13.96 on lower than average trading volume of 0.034 million compared with its three month average trading volume of 0.050 million. Despite the gain, the stock is trading slightly below its 50 day moving average of $14.01. Both the RSI and MFI indicators of 47.18 and 42.80, respectively, provide more confidence that the stock could continue to move upward in the near term. These indicators are no longer within ranges that cause concern, hold.
Investors Bancorp, Inc. (NASDAQ:ISBC) had a good day yesterday with the stock gaining 0.49 or six cents to close at $12.21, after hitting a 52 week high of $12.24 during the day on heavy trading of 3.148 million shares compared with its three month average trading volume of 2.54 million. The stock has been performing well so far this year as the stock is up 9.66% YTD, outperforming the S&P 500 which has only managed to gain 3.35% over the same period. Investors Bancorp, Inc has good potential with a one year target estimate of $13.31 and positive quarterly revenue growth of 21.60% year on year, making it a possible long term hold with a view to buy.
Zulily Inc (NASDAQ:ZU) continued to decline yesterday with the stock losing 0.30% or $0.04 to close the day at $13.44 with only 2.034 million shares changing hands compared to its three month average trading volume of 3.19 million. Despite the loss, the stock remains 47.85% above its 52 week low of $9.09. The shares are down by 61.16% over the past one year and by 43% year to date. The 52-week range is $9.09 to $42.56. With one year price target estimate of $12.11, the stock looks undervalued but with its MACD still diverging in bullish direction, it is better to hold for now.
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