Opportunity Knocks With Paramount Group Inc (PGRE), Columbia Property Trust Inc (CXP) and Quanta Services Inc (PWR)?
New York, NY – GDP INSIDER – 05/14/2014.
This article discusses three companies: Paramount Group Inc (NYSE:PGRE), Columbia Property Trust Inc (NYSE:CXP) and Quanta Services Inc (NYSE:PWR)
Paramount Group Inc (NYSE:PGRE) climbed yesterday as the stock gained 0.49% or $0.09 to finish the day at a closing price of $18.55 on higher than average trading volume of 2.333 million, compared to its three month average trading volume of 1.74 million. Despite yesterday’s gain, the stock is trading below its 50 day moving average of $18.79. The US based real estate company has been trending up over the past 5 days with the stock up over 3%, compared to the S&P 500 which is up only 1.04% for the period. The stock just experienced a bullish MACD crossover which may have triggered the gains. With RSI of 50, it is a hold for now.
Columbia Property Trust Inc (NYSE:CXP) climbed slightly yesterday with the stock closing up 0.22% or $0.06 to close at $27.26 on with more than average trading volume of 2.276 million compared to its three month average trading volume of 0.747 million. The stock has been falling steadily for most of the last one year with the stock down 2%, but has been starting to gain back some of these losses since the beginning of the year with the stock up 8% YTD. The company has a one year target estimate of $28.30 and a bullish MACD crossover indicating there is still upside potential in the stock making it a good hold and potential medium to long term buy.
Quanta Services Inc (NYSE:PWR) enjoyed a slight gain during its last trading session closing up 1.63% or $0.47 to close at $29.23 on heavy trading volume of 2.268 million compared with its three month average trading volume of 1.95 million. Despite the gain, the stock is trading well below its 200 day moving average of $30.99 and 22.03% away from its 52 week high of $37.49. The stock has not been performing well over the last 52 weeks as the share price has decreased over 15%, underperforming the S&P 500 which is up 12.17% for the same period. However, with the stock now up over 5% over the last five days and one year price target estimate of $36.00, it is starting to look like a very good potential purchase if bought at the right time.
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.