Can These Stocks Reverse? Rex Energy Corporation (REXX), AES Corp (AES) and FirstEnergy Corp. (FE)
New York, NY – GDP INSIDER – 05/20/2014.
This article discusses three companies: Rex Energy Corporation (NASDAQ:REXX), AES Corp (NYSE:AES) and FirstEnergy Corp. (NYSE:FE)
Rex Energy Corporation (NASDAQ:REXX) saw a minuscule decline of 0.57% or three cents yesterday to finish the day at a closing price of $5.21 on slightly lower than average trading volume of 2.669 million compared with its three month average trading volume of 2.73 million. The shares are down by 74% over the past one year but are up over 3% year to day. The 52-week range is $2.47 to $20.33. The technical indicators are not pointing to move in the stock one way or the other. However, with RSI of 55.14 and bearish MACD crossover, the stock may continue to fall in the near term, hold.
AES Corp (NYSE:AES) declined yesterday as the stock lost twelve cents to close the day at $13.62 on heavy trading of 7.77 million compared with its 30 day average trading volume of 6.66 million. The stock is up by 0.47% so far this year compared to the S&P 500 which is up over 3.35% for the period. It is down by 0.48% over the past year. The MFI and RSI are 35.96 and 56.83 for AES Corp. Neither of these indicates a positive or negative driven technical move. However, the MACD just crossed the signal line and downward pressure could build on the shares.
FirstEnergy Corp. (NYSE:FE) continued its recent upward trend yesterday closing up 0.48% or $0.17 to finish the day at $35.50 on light trading volume of 2.032 million, compared to its three month average trading volume of 3.30 million. The company is down over 7% since the beginning of the year but is up by 17.89% over the past one year. Both the RSI and MFI for the diversified energy company indicate that the stock price is not under significant downward or upward pressure. The indicators are 52.92 and 51.66, respectively, and are not a cause for concern. Investors can look to buy the shares as they move back higher.
Are FirstEnergy Corp’s Technical Indicators Showing Further Gains? Delve Into The Details With Free FE Analysis.
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.