Rebounding Stocks: Oi SA (ADR) (NYSE:OIBR), Glu Mobile Inc. (NASDAQ:GLUU), GT Advanced Technologies Inc. (NASDAQ:GTAT)
Northern, WI 04/26/2013 (GDPInsider) – Oi SA (ADR) (NYSE:OIBR) opened trading at $2.60 and is trading up 0.78%. The modest uptick is supported by volume of 587.04K and the stock has a trading range of $2.59 and $2.66. Oi SA has been trending down for the last three months and the stock’s technical data slows a marginally steep decline. The stock is trading 7.02% below its 20-day moving average and 15.33% below its 50-day moving average. Insider transactions are down 0.09% and institutions own 14.82% of the stock. OIBR has a forward P/E of 42.83 and an RSI of 34.75. The stock is down 43.73% on its 52-week high of $4.60 but up 3.60% on its 52-week low of $2.50.
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Glu Mobile Inc. (NASDAQ:GLUU) is presently trading up 4.25% having opened the day’s trading at $3.03. The stock has a trading volume of 1.68 million shares and a trading range of $3.00 and $3.18. The technical data shows a northward recovery from the dip experienced at the start of April 2013. Presently the stock is up 9.61% on its 20-day moving average and up 16.02% on its 50-day moving average. GLUU is up 59.30% on its 52-week low of $1.99 and analysts have set a target price of $3.19 for the stock. The company has a market cap of 203.92 million and EPS next year is expected to rise 181.80%.
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GT Advanced Technologies Inc. (NASDAQ:GTAT) is down 0.78% after starting the day’s trading at $3.69. Volume is 1.15 million and the stock has a range of $3.66 and $3.75. Insiders own 0.61% of the stock and their share of transactions in GTAT has jumped 52.30%. The stock has a P/E of 4.04, a forward P/E of 13.29 with a target price set of $3.69. EPS this year is expected to rise 17.31% but expectations for 2014 show a steep decline of 64.56%. The stock is trading up 9.25% on its 20-day moving average and 17.14% up on its 50-day moving average.
How Should Investors Trade GTAT Now? Get exclusive insights and updates here.
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