Good medium Term Investments: CytRx Corporation (CYTR), Synergy Pharmaceuticals Inc (SGYP) and Hovnanian Enterprises, Inc. (HOV)

Posted by admin April 21, 2015 0 Comment 819 views

New York, NY – GDP INSIDER  –  04/21/2014.

This article discusses three companies: CytRx Corporation (NASDAQ:CYTR), Synergy Pharmaceuticals Inc (NASDAQ:SGYP) and Hovnanian Enterprises, Inc. (NYSE:HOV)

CytRx Corporation (NASDAQ:CYTR) continued to climb yesterday with the stock gaining 3.19% or $0.16 to finish the day at a closing price of $5.17 on higher than average trading volume of 2.707 million, compared to its three month average trading volume of 1.03 million. The stock started to rise after analysts at Oppenheimer initiated their coverage on the stock with an ‘outperform’ rating and set their price target at $10 on April 17th, 2015. With a strong quick ratio of over 4.70, RSI of 82.17 and diverging MACD, it is likely that the stock will continue to climb a bit further before it levels out, better to hold or profit-take at this time.

Can CytRx Corporation Maintain Its Current Trend? Click Here For Free CYTR Analysis.

Synergy Pharmaceuticals Inc (NASDAQ:SGYP) continued to fall yesterday with the stock closing down 4.13% or $0.18 at $4.18 on higher than average trading of 2.63 million shares, compared to its 30 day average trading volume of 2.13 million. However, the US-based biopharmaceutical company, which develops drugs to treat gastrointestinal disorder and diseases, has been climbing since the middle of March and is now up 37.05% for the year so far compared to the S&P 500 which is up 2.02% for the same period. The one year target estimate for the stock is still quite high at $7.85 and is quite achievable, based on its current performance, making it a hold and potential medium term buy at this time.

Should You Hold You Investment In Synergy Pharmaceuticals Inc? See Beyond The Smoke With Our Free SGYP Analysis.

Hovnanian Enterprises, Inc. (NYSE:HOV) continued its recent downward trend yesterday with the stock dropping 2.01% or $0.07 to close at $3.41 on heavy trading volume of 2.636 million shares, compared to its three month average trading volume of 1.96 million. The $509.77 million market cap company, which designs and markets single family detached homes, has been trending downwards for most of the last three months and is down 17.43% so far this year. Yesterday’s decline came on no major news, but at its current price it is probably better to let it fall again, before considering a purchase.
Is Hovnanian Enterprises, Inc Going To Keep Climbing? Take A Look At The Technical Indicators With Our Free HOV Analysis.

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