Are These Stocks Worth A Shot? Hancock Holding Company (HBHC), Atlantic Power Corp (AT) and FMC Technologies, Inc. (FTI)
New York, NY – GDP INSIDER – 05/18/2014.
This article discusses three companies: Hancock Holding Company (NASDAQ:HBHC), Atlantic Power Corp (NYSE:AT) and FMC Technologies, Inc. (NYSE:FTI)
Hancock Holding Company (NASDAQ:HBHC) saw a decline of $0.68 or 2.29% during Friday’s trading session to close the day at $29.05 on lower than average trading volume of 0.351 compared with its three month average trading volume of 0.671 million. Friday’s loss moved the stock 18.51% below its 52 week high of $35.65 and 5.18% below its 200 day moving average of $30.62. However, with EPS of $2.01 and P/E of 14.45, the stock has strong upside potential, making it a hold with a view to buy.
Atlantic Power Corp (NYSE:AT) climbed on Friday with the stock gaining 3.18% or $0.10 to close at $3.24 on light trading of 0.605 million shares, compared to its three month average trading volume of 0.803 million. The power generation and infrastructure company has been performing well over the past six months with the stock gaining 50.70%, compared to the S&P 500 index, which has gained only 3.99% for the same period. With its MACD converging in a bullish direction and RSI of 57, the stock still has plenty of room to climb further. Worth holding on to but not a potential buy at this time.
FMC Technologies, Inc. (NYSE:FTI) continued to decline during its last trading session with the stock losing 0.19% or $0.08 to close the day at $41.50 with only 1.961 million shares changing hands compared to its three month average trading volume of 3.63 million. The shares are down by 26% over the past one year but are up over 4% in the past one month. The 52-week range is $34.85 to $63.92. The technical indicators are not pointing to move in the stock one way or the other. However, with RSI of 52.83 and bearish MACD divergence, the stock may continue to fall in the near term. At this time, it is a risky buying opportunity, but one that may be worth it over the medium term.
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