Stocks With More Upside? Marathon Oil Corporation (MRO), Zogenix, Inc. (ZGNX) and QLogic Corporation (QLGC)
New York, NY – GDP INSIDER – 04/27/2014.
This article discusses three companies: Marathon Oil Corporation (NYSE:MRO), Zogenix, Inc.(NASDAQ:ZGNX) and QLogic Corporation (NASDAQ:QLGC)
Marathon Oil Corporation (NYSE:MRO) had a slow trading on friday with the stock losing 0.72% or $0.22 at $30.33 with only 6.154 million shares changing hands, compared to its three month average trading volume of 7.13 million. The US-based liquid hydrocarbons and natural gas production company has been declining most of the year with the stock underperforming the S&P 500 since October. The stock has now down 14.56% for the last 52 weeks compared to the S&P 500 which is up 12.70%. With RSI of 62.09 and target price estimate of $32.29, Marathon Oil Corporation still has plenty of upside making it a hold and once oil starts to recover, it will be the time to buy back in.
Zogenix, Inc. (NASDAQ:ZGNX) saw its value decline by 6.67% on Friday as the stock fell eleven cents to finish the day at a closing price of $1.54 on low trading volume of 2.412 million, compared to its three month average trading volume of 3.62 million. While the loss may be disappointing, Zogenix, Inc stockholders can take solace in the fact that the stock is still trading 43.93% above its one year low of $1.07. Over the past one month and past one quarter, the shares of Zogenix, Inc have climbed 18.46% and 20.31%, respectively. Not only that, but the company has been outperforming the S&P 500 since the beginning of the year, with the stock up 12.41% compared to the index which has gained only 2.86% for the same period, hold.
QLogic Corporation (NASDAQ:QLGC) gained seven cents to finish the day at a new closing price of $15.26, a 0.46% increase in value from its previous closing price during Friday’s trading. The stock had a low trading volume of 0.419 million, a figure which is lower than its three month average trading volume of 0.822 million. The RSI of 64.10 indicates the stock is not overvalued at current levels, the MFI of 60.22 shows the money is flowing in the right direction. With MACD now converging and one year price target estimate of $16.42, it is a worthwhile hold with a view to buy.
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.