Time To Buy? Northern Tier Energy LP (NTI), Altisource Residential Corp (RESI) and PNM Resources Inc (PNM)
New York, NY – GDP INSIDER – 05/15/2014.
This article discusses three companies: Northern Tier Energy LP (NYSE:NTI), Altisource Residential Corp (NYSE:RESI) and PNM Resources Inc (NYSE:PNM)
Northern Tier Energy LP (NYSE:NTI) continued to decline yesterday with the stock closing down 2.33% to finish the day at a closing price of $25.12 on light trading volume of 0.424 million compared with its three month average trading volume of 0.526 million. The independent downstream energy limited company has been falling steadily for the last one year with the stock down 4%, but has been starting to gain back some of these losses since the beginning of the year with the stock up 16% year to date. However, with the stock approaching a positive MACD crossover and RSI at 43.80, the stock has significant upward potential, making it a hold and speculative buy at the right time.
Altisource Residential Corp (NYSE:RESI) enjoyed an increase of 5% in value as the stock gained ninety cents to finish the day at $18.90 with more than 0.833 million shares changing hands, compared to its three month average trading volume of 0.568 million. The shares of US-based development stage company, which acquires and owns single-family rental assets, started to climb after analysts at Compass Point upgraded their rating on the stock from ‘neutral’ to ‘buy’ and boosted their price target from $20 to $21 per share, yesterday. The stock has good fundamentals and P/E of 5.71 as well as strong quarterly revenue growth of 191.60%, making it a potential investment option if bought at the right time.
PNM Resources Inc (NYSE:PNM) saw a minuscule decline of 1.89% or $0.50 to finish the day at a closing price of $25.97 during yesterday’s trading. The company saw its volume spiked to a figure of 1.558 million, which is higher than its three month average trading volume of 0.601 million, after the announcement of an executed letter agreement with Westmoreland Coal Company for the new coal supply contract which, over the next six years, will save its customers approximately $300 million in fuel costs. With the stock now down over 2.48% over the last five days and RSI relatively low at 32.09, it is starting to look like a very good potential purchase, making it a hold with a view to buy at this time.
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.