Getting Ready To Bounce? Pacific Ethanol Inc (PEIX), Zayo Group Holdings Inc (ZAYO) and Xenia Hotels & Resorts Inc (XHR)
New York, NY – GDP INSIDER – 05/14/2014.
This article discusses three companies: Pacific Ethanol Inc (NASDAQ:PEIX), Zayo Group Holdings Inc (NYSE:ZAYO) and Xenia Hotels & Resorts Inc (NYSE:XHR)
Pacific Ethanol Inc (NASDAQ:PEIX) continued to climb yesterday with the stock surging 11% or $1.25 to finish the day at a new closing price of $13.40 on higher than average trading volume of 3.129 million compared with its three month average trading volume of 1.11 million. The shares are down by 6% over the past six months but are up over 42% in the past three months. The 52 week range is $7.51 to $23.97. The rally yesterday has pushed the RSI up to 70 and created a sharp bullish MACD divergence which may indicate that the stock is heading for a new higher trading range, making it a strong hold with a view to buy.
Zayo Group Holdings Inc (NYSE:ZAYO) suffered a decline of 6.42% as the stock lost $1.80 to finish the day at $26.22 with more than 3.118 million shares trading hands compared to its three month average trading volume of 0.654 million. The shares started to drop after the company announced a loss of $53.7 million in its fiscal third quarter financial results. The bandwidth infrastructure provider posted revenue of $340.7 million in the quarter, which beat analysts’ estimate of $336.4 million by $4.3 million. With RSI of 38 and bearish MACD crossover, the stock may continue to fall in the near term. At this time, it is a risky buying opportunity, but one that may be worth it over the medium term.
Xenia Hotels & Resorts Inc (NYSE:XHR) climbed yesterday with the stock gaining 1.76% or $0.39 to finish the day at a closing price of $22.57 on heavy trading volume of 2.48 million compared with its three month average trading volume of 1.12 million. Yesterday’s gain has moved the stock 0.59% above its 50 day moving average of $22.47. The lodging sector company has been trending up over the past three months with the stock up over 9%, compared to the S&P 500 which is up only 0.07% for the period. The stock just experienced a bullish MACD crossover which may have triggered the gains. With RSI of 52.05, it is a hold for now.
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