How Does The Future Look For Castlight Health Inc (CSLT), Stone Energy Corporation (SGY) and NCR Corporation (NCR)?
New York, NY – GDP INSIDER – 04/23/2014.
This article discusses three companies: Castlight Health Inc (NYSE:CSLT), Stone Energy Corporation (NYSE:SGY) and NCR Corporation (NYSE:NCR)
Castlight Health Inc (NYSE:CSLT) began to bounce back yesterday with the stock closing up 4.81% or $0.36 to close its trading session at $7.85 on high trading volume of 1.663 million, compared to its three month average trading volume of 0.762 million. The $688.19 million market cap company, which has been oscillating between $6.52 and $19.45 over the past 52 weeks, is currently holding below its 50 day moving average of $7.84 and 200 day moving average of $10.93. With the stock now underperforming the S&P 500 with a loss of 32.19% so far this year, versus the index which has increased 2.38%, it is better to hold rather than buy for now.
Stone Energy Corporation (NYSE:SGY) continued its downward trend yesterday with the stock declining a further 4.78% or $0.83 to close at $16.54 with more than 2.157 million shares trading hands, compared to its three month average trading volume of 1.23 million. The independent oil and natural gas company has been steadily declining for the last 52 weeks, losing 64.25% and so far this year, it has already lost 2.01% compared to the S&P 500 which is up 2.38% since the beginning of the year. With MACD converging and RSI of 48.50, the company can still meet its one year target estimate of $20.55 if prices rise, but still better to sell for now.
NCR Corporation (NYSE:NCR) bounced back yesterday as the stock gained fifty cents to finish the day $30.07, a 1.69% increase in value from its previous closing price with more than 2.257 million shares changing hands compared to its three month average trading volume of 1.51 million. The US based technology and services provider to businesses, which has been steadily declining for the last one year, has now gained 27.74% over the last six months, compared to the S&P 500, which is up only 9.38% over the same period. The RSI and MFI are 52.97 and 61.23, respectively. Both of these indicate that the stock is not overvalued at the current levels and the money is flowing in the right direction.
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