Is There Good Potential Here? PHH Corporation (PHH) and Gevo, Inc. (GEVO)
New York, NY – GDP INSIDER – 05/11/2014.
This article discusses three companies: PHH Corporation (NYSE:PHH) and Gevo, Inc. (NASDAQ:GEVO)
PHH Corporation (NYSE:PHH) continued its bullish run with the stock hitting a new all time high of $27.08 before falling back slightly to close up 3.25% or $0.85 on Friday at $27.00, on unusual trading of 13.56 million shares compared with its three month average trading volume of 0.670 million. The stock started to climb after the company reported a gain following trading on Thursday. Revenue for the first quarter grew 135.1% compared with the same quarter year ago and beat analysts’ estimate of $195.18 million for the quarter by $65.82 million. The US-based outsource residential mortgage services provider reported a loss of $0.38 per share for the first quarter, which missed analysts’ estimate of a loss of $0.30 per share by $0.08 per share. Overall, PHH Corporation is trading well above its 50 day moving of $24.44 and 200 day moving average of $23.84. The credit services company has been having a very good year so far, with the stock up 12.69%, but is trading uncertainly at the moment, as its RSI is at 75.44 making investors nervous. With its direction uncertain at this time, it is best to hold or profit-take at this price.
Gevo, Inc. (NASDAQ:GEVO) reversed its recent upward trend on Friday with the stock declining 2.93% or $0.16 to finish the day at a closing price of $5.40 on much higher than average trading volume of 29.211 million, compared to its three month average trading volume of 1.07 million. The stock saw its trading volume spiked after Alaska Airline agreed to buy its alcohol-based renewable jet fuel on May 07, 2015. Alaska Airline is planning a demonstration flight using Gevo’s biofuel this year after receiving ASTM international certification. The renewable chemicals and biofuels company has been falling steadily for most of the last one year with the stock down 63.20%, but has been starting to gain back some of these losses over the past one week with the stock up 115.45%. The current gains have widened the positive MACD divergence and pushed its RSI to 73.28, indicating that it may correct downwards in the near term, but still looks a solid hold at the moment.
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.