How Low Can Virgin America Inc (VA), Meritor Inc (MTOR) and Dana Holding Corporation (DAN) Go?
New York, NY – GDP INSIDER – 05/13/2014.
This article discusses three companies: Virgin America Inc (NASDAQ:VA), Meritor Inc (NYSE:MTOR) and Dana Holding Corporation (NYSE:DAN)
Virgin America Inc (NASDAQ:VA) declined yesterday as the stock lost 2.35% or $0.68 to finish the day at $28.23 on lower than average trading volume of 1.080 million, compared to its three month average trading volume of 1.14 million. Yesterday’s loss moved the stock 37.86% below its one year high of $45.43 and 9.77% away from its 50 day moving average of $31.13. However, with the stock just passing a positive MACD crossover and RSI still relatively low at 39, the stock has significant upward potential, making it a hold and speculative buy at this time.
Meritor Inc (NYSE:MTOR) continued its recent upward trend yesterday as the stock gained 2.11% or $0.28 to finish the day at a closing price of $13.58 on light trading volume of 0.978 million, compared to its three month average trading volume of 1.05 million. The integrated systems and components supplier to OEMs has been falling steadily since the beginning of the year with the stock down 11%, but has been starting to gain back some of these losses over the last 15 days with the stock up 9.43%. The RSI of 61.82 indicates the stock is not overvalued at the current levels, the MFI of 61.09 shows that money is flowing in the right direction, hold.
Dana Holding Corporation (NYSE:DAN) saw a decline of 1.32% yesterday as the stock lost $0.29 to close the day at $21.75 with only 1.268 million shares changing hands, compared to its three month average trading volume of 2.02 million. The shares are down by 5% over the past three months but are up over 3% in the past one month. The 52-week range is $16.81 to $24.77. The technical indicators are not pointing to move in the stock one way or the other. However, with RSI declining and MACD just experiencing a bearish crossover, the stock may 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.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.