Stocks To Watch: Quantum Corp (QTM), Relypsa Inc (RLYP) and FX Energy, Inc. (FXEN)
New York, NY – GDP INSIDER – 05/05/2014.
This article discusses three companies: Quantum Corp (NYSE:QTM), Relypsa Inc (NASDAQ:RLYP) and FX Energy, Inc. (NASDAQ:FXEN)
Quantum Corp (NYSE:QTM) continued its bullish run yesterday with the stock hitting a new one year high of $2.21 before falling back slightly to close up 7.88% to finish the day at a closing price of $2.19 on heavy trading volume of 5.145 million, compared to its three month average trading volume of 1.72 million after analysts at Northland Capital upgraded their rating on the stock from ‘market perform’ to ‘outperform’ and boosted their price target from $1.50 to $3. The stock has been in an upward trend since early October of 2014. The RSI and MFI are both on the high side at 70.26 and 78.14, but not at the point where a reversal is imminent.
Relypsa Inc (NASDAQ:RLYP) continued to climb as the stock gained $0.76 to finish the day at a closing price of $31.07, an 2.51% increase in value from its previous closing price of $30.31 on light trading volume of 0.453 million. The stock has been on a rollercoaster with it both outperforming and underperforming the S&P 500 over the last 52 weeks. The stock is currently up 54.65% for the period, compared with the S&P 500 which is up 13.21%. With a one year target estimate of $58.50, the stock has huge upside potential making it a hold for now.
FX Energy, Inc. (NASDAQ:FXEN) continued to decline yesterday with the stock losing 0.78% or $0.01 to finish the day at a closing price of $1.28 on light trading volume of 0.191 million, compared to its three month average trading volume of 0.531 million. The independent oil and gas exploration and production company has been underperforming the S&P 500 for the past one year, down 74% compared to the index which is up 13.21% over the same period. The RSI of 32 indicates the stock is undervalued at the current levels and may rise in future, making it a hold for now.
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