Do These Stocks Have Fundamentals To Bounce Back? Keryx Biopharmaceuticals (KERX), Wolverine World Wide, Inc. (WWW) and La Quinta Holdings Inc (LQ)
New York, NY – GDP INSIDER – 04/28/2014.
This article discusses three companies: Keryx Biopharmaceuticals (NASDAQ:KERX), Wolverine World Wide, Inc. (NYSE:WWW) and La Quinta Holdings Inc (NYSE:LQ)
Keryx Biopharmaceuticals (NASDAQ:KERX) continued to decline yesterday with the stock climbing down 3.42% or $0.39 to finish the day at a closing price of $11.02 on higher than average trading volume of 2.228 million compared with its three month average trading volume of 1.60 million. The biopharmaceutical company has been declining over the past one year with the stock down 20.43%, compared to the S&P 500 which is up 12.80% for the same period. With RSI of 34.19 and one year price target estimate of $23.36, the stock has plenty of upside, buy.
Wolverine World Wide, Inc. (NYSE:WWW) reversed its recent upward trend with the stock hitting a new high of $35.20 before falling back slightly to close down 1.11% or $0.38 yesterday at $33.95, on extremely heavy trading of 2.14 million shares, compared to its 30 day average trading volume of 0.699 million. The footwear, apparel and accessories marketer around the work has a beta of 1.03 and market cap of 3.54 billion. While the MFI of 63.32 is not concerning, the RSI of 67 is on the verge of pushing into more concerning territory. That said, the stock could move higher, and these technical are not yet indicating a near term reversal, better to hold than buy at this time.
La Quinta Holdings Inc (NYSE:LQ) saw a minuscule decline yesterday with the stock closing down 0.17% or $0.04 to finish the day at a closing price of $24.05 on higher than average trading volume of 2.123 million compared with its three month average trading volume of 1.25 million. Despite the decline, the stock is holding 4.68% above its 50 day moving average of $23.02 and 14.92% above its 200 day moving average of $20.95. Over the past one month and over the past six months, the shares of La Quinta Holdings Inc have gained 2.91% and 20.85%, respectively. With RSI of 62.99 and one year target price estimate of $25.35, it is better to hold than buy for now.
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