Three Stocks To Watch: AVEO Pharmaceuticals, Inc.(AVEO), Cytori Therapeutics Inc(CYTX) and Goodrich Petroleum Corporation(GDP)
New York, NY – GDP INSIDER – 03/10/2015.
This article discusses three companies: AVEO Pharmaceuticals, Inc.(NASDAQ:AVEO), Cytori Therapeutics Inc(NASDAQ:CYTX) and Goodrich Petroleum Corporation(NYSE:GDP)
AVEO Pharmaceuticals, Inc.(NASDAQ:AVEO) continued to rally yesterday closing up 4% or $0.06 at $1.56 on very active trading with more than 7.245 million shares changing hands, compared to its three month average of 0.888 million. The cancer therapeutics company has been climbing since Friday when it released its fourth quarter and full year results, that showed a lower than expected loss of $0.78 per share for the year. The current gains have widened the positive MACD divergence and may set a new support level around $1.50 making it a good hold and potential buy.
Cytori Therapeutics Inc(NASDAQ:CYTX) posted more gains yesterday closing up 11.71% or $0.13 at $1.24 on higher than average trading volume of 8.772 million shares, just over double its three month average trading volume of 3.543 million. This came after the cell therapy development company made a very positive presentation over the weekend at the 27th Annual ROTH Conference in Laguna Niguel, California. The stock is currently trading with a high RSI of 79.96, indicating that it may correct downwards in the near term, but still looks a solid hold at the moment.
Goodrich Petroleum Corporation(NYSE:GDP) continued its downward trend yesterday closing 13.62% or $0.47 lower at $2.98 with more than 7.082 million shares traded, compared to its three month average of 3.840 million. The independent oil and gas producer has been struggling as oil prices continue to fall and after starting the year strongly compared to the S&P 500, has been underperforming the index since October. The share price is now down 79.93% for the last 52 weeks with the S&P 500 up 10.72%. Until oil prices recover it is better to sell than hold.
UltimateStockAlerts.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word ULTIMATE to 555888 from your cell phone.
UltimateStockAlerts continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: UltimateStockAlerts 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.