Fool’s Gold? Lumber Liquidators Holding Inc (LL), Cadence Design Systems Inc (CDNS) and XPO Logistics Inc (XPO)
New York, NY – GDP INSIDER – 05/01/2014.
This article discusses three companies: Lumber Liquidators Holding Inc (NYSE:LL), Cadence Design Systems Inc (NASDAQ:CDNS) and XPO Logistics Inc (NYSE:XPO)
Lumber Liquidators Holding Inc (NYSE:LL) the specialty retailer of hardwood flooring products and accessories, jumped 2.73% or $0.73 to close at $27.49 on light trading volume of 3.994 million, compared to its three month average trading volume of 5.57 million. Lumber Liquidators Holding has been falling steadily for most of the last 52 weeks with the stock down 68.46% compared to S&P 500, which is up 10.88% for the same period. With RSI of 31.16 and one year price target estimate of $40.25, it is better to hold with a view to buy.
Cadence Design Systems Inc (NASDAQ:CDNS) suffered a minuscule decline on Thursday as the stock lost $0.28 to finish the day at a closing price of $18.65 on active trading volume of 5.531 million compared with its three month average trading volume of 3.89 million. The California based electronic design automation developer is currently situated 21.98% above its 52 week low of $15.29 and 5.95% below its 52 week high of $19.83. With quarterly earnings growth year on year of 61.50%, its current diluted EPS of $0.52 looks likely to increase, making the stock a hold with a view to buy.
XPO Logistics Inc (NYSE:XPO) reversed its recent upward trend yesterday with the stock declining 0.68% or $0.33 to finish the day at a closing price of $48.50 on higher than average trading volume of 1.547 million, compared to its three month average trading volume of 0.800 million. The $3.86 billion market cap company is currently holding 8.83% above its 50 day moving average of $44.70 and 26.91% above its 200 day moving average of $38.32. The RSI of 64.24 indicates the stock is not over valued at current levels, the MFI of 73.32 shows the money is flowing in a right direction, making it a hold.
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