Are These Stocks Worth The Risk? ArQule, Inc. (ARQL), Verastem Inc (VSTM) and Select Comfort Corp. (SCSS)
New York, NY – GDP INSIDER – 04/28/2014.
This article discusses three companies: ArQule, Inc. (NASDAQ:ARQL), Verastem Inc (NASDAQ:VSTM) and Select Comfort Corp. (NASDAQ:SCSS)
ArQule, Inc. (NASDAQ:ARQL) lost 4.72% during yesterday’s trading as the stock fell $0.10 to finish the day at a closing price of $2.02 on lower than average trading volume of 0.364 million, compared to its three month average trading volume of 0.537 million. The clinical-stage biotechnology company has been performing well so far this year, with the stock gaining 65.57% year to date, compared to the S&P 500 which has gained 2.80% over the same period. The RSI and MFI are 41.65 and 20, respectively. Both of these indicate that the stock is not overvalued at the current levels and the money is flowing in the right direction, making it a hold.
Verastem Inc (NASDAQ:VSTM) continued to decline yesterday with the stock falling 4.68% or $0.47 to finish the day at a closing price of $9.58 on lower than average trading volume of 0.383 million compared with its three months average trading volume of 0.547 million. The biopharmaceutical company, which focuses on the development of drugs to treat cancer, is holding 0.71% above its 50 day moving average of $9.54 and 7.32% above its 200 day moving average of $8.93. With one year target price estimate of $20.38 and RSI of 46.27, the stock has plenty of upside potential, making it a hold with a view to buy.
Select Comfort Corp. (NASDAQ:SCSS) suffered a decline of 4.38% during yesterday’s trading as the stock lost $1.51 to finish the day at a closing price of $32.99 on higher than average trading volume of 0893 million, compared to its 30 day average trading volume of 0.626 million. The $1.81 billion market cap company, which traded within a range of $32.77 to 34.68 during the day, is situated 83.28% above its 52 week low of $18 and only 7.72% below its 52 week high of $35.75. With quarterly revenue growth of 39.50% year on year and RSI of 46.90, Select Comfort Corp has a lot of upside potential once the market corrects from yesterday’s decline, making the stock a strong hold and potential buy.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.