Time To Climb On Board? Insmed Incorporated (INSM), Select Comfort Corp. (SCSS) and Sequenom, Inc. (SQNM)
New York, NY – GDP INSIDER – 05/19/2014.
This article discusses three companies: Insmed Incorporated (NASDAQ:INSM), Select Comfort Corp. (NASDAQ:SCSS) and Sequenom, Inc. (NASDAQ:SQNM)
Insmed Incorporated (NASDAQ:INSM) continued to climb yesterday as the stock gained $0.56 to finish the day at $23.41, a 2.45% decrease in value from its previous closing price of $22.85 on slightly lower than average trading volume of 0.249 million compared with its three month average trading volume of 0.604 million. The US based inhaled therapies developer for serious lung diseases has been having a good year so far with the stock gaining 51.33% YTD, compared to the S&P 500 index which has gained 3.43% over the same period. The RSI of 65 shows the stock is not undervalued at the current levels, the MFI of 49.25 indicates the money is flowing in the right direction, hold.
Select Comfort Corp. (NASDAQ:SCSS) enjoyed a gain of $0.37 during yesterday’s trading as the stock climbed 1.21% to finish the day at a closing price of $30.97 on lower than average trading volume of 0.613 million, compared to its three month average trading volume of 0.656 million. The $1.62 billion market cap company, which traded within a range of $30.30 to 30.98 during the day, is situated 67.95% above its 52 week low of $18.44. With quarterly revenue growth of 26.60% year on year and RSI of 41.71, Select Comfort Corp has a lot of upside potential once the market corrects from yesterday’s decline, making the stock a strong hold and potential buy.
Sequenom, Inc. (NASDAQ:SQNM) continued its recent upward trend yesterday as the stock gained 1.36% or $0.05 to close the day at a new closing price of $3.74 on higher than average trading volume of 0.868 million, compared to its three month average trading volume of 1.68 million. The US based molecular diagnostic testing and genetic analysis company has been performing well with the stock gaining 33.10% over the past 52 weeks, compared to the S&P 500 index which is up only 13.40% over the same period, hold for now.
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