Breakout Stocks: XOMA Corp (NASDAQ:XOMA), Thompson Creek Metals Company Inc (USA) (NYSE:TC)

Posted by Chris Bell May 9, 2013 0 Comment 2313 views


Northern, WI 05/09/2013 (GDPInsider) –  XOMA Corp (NASDAQ:XOMA) started today’s trading at 3.57 and quickly shot up 19.11%. The stock has a range of 3.47 and 3.74 with a volume of 1.25 million—more than double the average volume. This flurry of activity around XOMA has pushed the stock 66.67% above its 52-week low of 2.22 but still keeps the stock down 10.41% on its 52-week high of 4.13.

Still, XOMA showing some signs of recovery from its big decline at the start of March 2013. The stock and analysts have been feeling rather optimistic about the stock. XOMA currently has a target price of 4.40 but a few analysts are even more bullish on the stock, upgrading it to buy and setting targets as high as 8.00. XOMA Corp is also very busy with internal developments. At a recent earnings call, CEO John Varian noted the positive feedback the company is getting for gevokizumab treatment drug for acne. “The feedback for receiving from these conversations is giving us greater confidence the gevokizumab would be well received by the clinical community and it potentially could be developed as the first non-antibiotic treatment for acne in over 15 years,” said Varian.

XOMA has a RSI of 62.12 and is trading 12.33% above its SMA50.

Is XOMA a solid investment at these levels? Get exclusive data and trends here.

Thompson Creek Metals Company Inc. (USA) (NYSE:TC) has continued on its northward uptick which started late April and the stock is up 15.17% in today’s trading. TC opened at 3.49 and has a range of 3.43 and 3.70. The stock closed previous at 3.70 and today’s trading volume is 3.52 million—more than double the average trading volume of 1.65 million.

The diversified mining company is coming off its Q1 earnings results which were released May 8, 2013. There were several operational improvements, including a 74% increase of molybdenum production from 4.4 million pounds to 7.7 million pounds. TC experienced greater operational efficiency and managed to cut the average cost of molybdenum produced by 54%.

On the financial side TC had solid news with the fact that operating income had increased by 33.5 million, placing the Q1 2013 figure at $17.0 million. The company had an operating net loss of $16.5 million in the previous year.

TC is up 23.01% on its SMA50, 32.57% on its SMA20 and the stock is in overbought territory with a RSI of 75.65.

How Should Investors Trade TC Now? Get exclusive insights and updates here.

 

 

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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