EV Energy Partners LP (EVEP), Biogen Idec Inc (BIIB) and Axiom Corp (AXMM) Show Great Potential, Which Is The Right Choice?
New York, NY – GDP INSIDER – 03/23/2015.
This article discusses three companies: EV Energy Partners LP (NASDAQ:EVEP), Biogen Idec Inc (NASDAQ:BIIB) and Axiom Corp (ORCMKTS:AXMM), NASDAQ:EVEP
EV Energy Partners LP (NASDAQ:EVEP) bounced back slightly on Friday with the stock closing up 1.15% or $0.15 at $13.15 on very active trading of 2.192 million shares. The oil and natural gas property developer has been trending downwards since the third quarter of last year and is getting further downward pressure as oil prices continue to fall. What is interesting about this stock is that its earnings have beaten the market consensus estimates for the last two quarters and with RSI of 36.50, it has good upward potential making it a hold with a view to buy.
Biogen Idec Inc (NASDAQ:BIIB) continued its bullish run with the stock hitting a new all time high of $480.18 before falling back slightly to close up 9.76% or $42.33 on Friday at $475.98, on extremely heavy trading of 10.643 million shares. The biotech company specialized in therapies for multiple sclerosis and neurodegenerative diseases continued to rally after it announced positive testing results from its new drug Aducanumab which is designed to help in the treatment of Alzheimers. With RSI now at 83.36 it is unclear if Biogen Idec Inc can support further gains making it a hold.
Axiom Corp (OTCMKTS:AXMM) continued its recent rapid climb with the stock hitting a new 52 week high of $1.85 before dropping slightly, to gain 11.52% or $0.19 on Friday closing at $1.84 with more than 3.108 million shares changing hands, compared to its three month average trading volume of 0.172 million. The manufacturer of packaging products using recycled paper stock has been skyrocketing this month, with stock up 268% after it has received a lot of positive press regarding its eco friendly processes and new uses for used materials that were destined for landfills, making a definite hold.
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