Can These Companies Move Higher? InfraREIT Inc (HIFR), Northwest Biotherapeutics Inc (NWBO) and Medican Enterprises Inc (MDCN)
New York, NY – GDP INSIDER – 03/31/2015.
This article discusses three companies: InfraREIT Inc (NYSE:HIFR), Northwest Biotherapeutics Inc (NASDAQ:NWBO) and Medican Enterprises Inc (OTCMKTS:MDCN)
InfraREIT Inc (NYSE:HIFR) continued its recent bumpy climb yesterday to reach a new 52 week high of $28.71 before falling back slightly to close up 2.67% or $0.74 at $28.49 on light trading of 0.660 million shares. The real estate investment trust focused on rate regulated electric transmission and distribution assets saw the gains on no major news, but is creeping up towards it one year target estimate of $33.00. With RSI at 69.41 and diverging MACD it may continue to climb, but it is unclear by how much making it a hold.
Northwest Biotherapeutics Inc (NASDAQ:NWBO) started trading yesterday strongly after solid gains in after hours trading over the weekend, but failed to maintain its progress. The stock then began sliding throughout the day to finish down 2.74% or $0.21 at $7.46 on not very active trading of 0.458 million shares, compared to its three month average trading volume of 0.556 million. The researcher and developer of innovative immunotherapy cancer products has been doing well this year so far, with the stock up 39.43% YTD. With new treatments in the pipeline the stock is definitely worth holding for now.
Medican Enterprises Inc (OTCMKTS:MDCN) saw strong gains yesterday with the stock climbing 49.12% or $0.0056 to close at $0.017 with more than 60.828 million shares changing hands, compared to its three month average trading volume of 28.346 million. The developer and distributor of medical marijuana products in Canada posted the gains after it announced that it had become zoning compliant after receiving its long awaited approval. The boost has pushed the stock towards a bullish MACD crossover and may be worth holding on to, as a near to medium term investment.
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