Do These Stocks Have Upside Potential? Resource Capital Corp. (RSO), Oncothyreon Inc (ONTY) and BGC Partners, Inc. (BGCP)
New York, NY – GDP INSIDER – 04/27/2014.
This article discusses three companies: Resource Capital Corp. (NYSE:RSO), Oncothyreon Inc (USA) (NASDAQ:ONTY) and BGC Partners, Inc. (NASDAQ:BGCP)
Resource Capital Corp. (NYSE:RSO) continued its recent upward trend on Friday to close up 0.22% as the stock gained $0.01 to finish the day at a closing price of $4.50 on high trading volume of 0.895 million shares, compared to its three month average trading volume of 0.741 million. Resource Capital Corp has been in steady decline for the last 52 weeks with the stock down 4.53% compared to the S&P 500 which is up 12.70% for the same period. With RSI now at 44.46, the stock should bounce back but for now is at best a hold.
Oncothyreon Inc (USA) (NASDAQ:ONTY) lost $0.05 to finish the day at a new closing price of $1.74, a 2.79% increase in value from its previous closing price. The $178 million market cap clinical-stage biopharmaceutical company, which traded within a range of $1.74 to $1.83 during the day, currently situated 17.57% above its 52 week low of $1.48 and 51.67% below its 52 week high of $3.60. A total of 0.493 million shares exchanged hands during Friday’s trading, compared to its three month average trading volume of 0.802 million. Oncothyreon Inc has an RSI of 55.29, which indicates the stock is not oversold at the current levels, making it a hold with a view to buy.
BGC Partners, Inc. (NASDAQ:BGCP) declined on Friday with the stock closing down 0.62% or $0.06 to close at $9.62 on lower than average trading volume of 0.347 million, compared to its three month average trading volume of 0.926 million. The $2.13 billion market cap company, which traded within a range of $9.58 to $9.75 during Friday’s trading, is holding 3.69% above its 50 day moving average of $9.30 and 16.79% above its 200 day moving average of $8.25. With an RSI of 54.50 and one year price target of $11.17, the stock is better to hold than buy at this time.
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