Is There Potential In Capnia Inc (CAPN), Blonder Tongue Labs, Inc. (BDR) and Oclaro, Inc. (OCLR)?
New York, NY – GDP INSIDER – 04/01/2015.
This article discusses three companies: Capnia Inc (NASDAQ:CAPN), Blonder Tongue Labs, Inc. (NYSEMKT:BDR) and Oclaro, Inc. (NASDAQ:OCLR)
Capnia Inc (NASDAQ:CAPN) continued its volatile trend yesterday with the stock gaining 5.61% or $0.34 to close at $6.40 on light trading of 0.788 million shares, compared to its 30 day average trading volume of 0.571 million. The medical diagnostics and therapeutics has gained 328.95% since the beginning of the year, far outstripping the performance of the S&P 500 which has only gained 0.44% for the same period. With RSI of 57.07 the stock has plenty of upside potential however, given the volatility it is a risky investment but potentially lucrative.
Blonder Tongue Labs, Inc. (NYSEMKT:BDR) plummeted 44.19% as the stock lost $0.760 to finish the day at a new closing price of $0.960 on heavy trading volume of 1.48 million, compared to its 30 day average trading volume of 44.088K. The US-based television signal encoding, transcoding and broadband product solutions provider started to decline after it released its fourth quarter and full year ended December 31, 2014 financial report. With its RSI now at 21.79 the stock may be somewhat undervalued providing a buying opportunity, but until market sentiment on the company changes, it is unlikely to make significant gains in the near future.
Oclaro, Inc. (NASDAQ:OCLR) continued to climb yesterday with the stock gaining three cents to finish the day at a closing price of $1.98, a 1.54% increase in value from its previous closing price. The $212.58 million market cap company, which traded within a range of $1.90 to $2.01 during yesterday’s trading, had a trading volume of 0.888 million, a figure which is slightly higher than its 30 day average trading volume of 0.767 million. The RSI of 62.99 indicates the stock is not overvalued at the current levels, better to hold than buy at this time.
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