Can EQT Midstream Partners LP(EQM), Roche Holding Ltd(RHHBY) and Zayo Group Holdings Inc(ZAYO) All Live Up To Their Current Potential?
New York, NY – GDP INSIDER – 03/13/2015.
This article discusses three companies: EQT Midstream Partners LP(NYSE:EQM), Roche Holding Ltd(ADR)(OTCMKTS:RHHBY) and Zayo Group Holdings Inc(NYSE:ZAYO)
EQT Midstream Partners LP(NYSE:EQM) dropped slightly yesterday closing down 2.69% or $2.05 at $74.25 on much higher than normal trading of 7.842 million shares, compared to its three month average of 0.243 million. The natural gas transmission, storage and distribution company has been trending downwards recently, as plans for its new $370 million pipeline are expanding and the company is taking on additional partners. While the pipeline is likely to be successful, the increasing complexity of the deal is making investors nervous, but with RSI of 30.57 it is a good time to hold on to the stock.
Roche Holding Ltd.(ADR)(OTCMKTS:RHHBY) had a relatively slow trading day yesterday with the stock closing down 3.21% or $1.03 at $33.13 on very light trading of 0.997 million shares, compared to its three month average trading volume of 2.230 million. The diverse pharmaceutical and biotech company had been trending down recently and yesterday gains are following on from a bullish MACD crossover, which could lead the stock to rise further over the next period. With a one year target estimate of $42.20 the stock is a worthwhile hold and potential buy at the moment.
Zayo Group Holdings Inc(NYSE:ZAYO) rose slightly yesterday to close up 0.58% or $0.16 at $27.40 on very heavy trading of 8.081 million shares, compared to its three month average trading volume of 0.493 million. The interest in the stock came after Zayo Group Holding Inc announced a follow-on public offering of 19 million shares of common stock at $27.35 per share, up from 16 million shares. The stock has been doing well recently, gaining 24.55% over the last six months compared to the S&P 500’s gain of 4.04% over the same period, making it a good stock to hold for now.
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