Stocks With More Upside? Marathon Oil Corporation (MRO), Zogenix, Inc. (ZGNX) and QLogic Corporation (QLGC)

Posted by Saimoon April 27, 2015 0 Comment 835 views


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.

Can Marathon Oil Corporation Rise Back To Or Beyond Its Previous Heights? Find Out More In Our Free MRO Analysis.

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.

See If Zogenix, Inc Has The Right Structure To Succeed By Clicking Here For Free ZGNX Analysis.

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.

Is Now The Right Time To Invest In QLogic Corporation? Take A Closer Look With Free QLGC Analysis.

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