Time To Invest In Northwest Biotherapeutics Inc (NWBO), Targacept Inc (TRGT) and Cabot Oil & Gas Corporation (COG)?
New York, NY – GDP INSIDER – 05/04/2014.
This article discusses three companies: Northwest Biotherapeutics Inc (NASDAQ:NWBO), Targacept Inc (NASDAQ:TRGT) and Cabot Oil & Gas Corporation (NYSE:COG)
Northwest Biotherapeutics Inc (NASDAQ:NWBO) started climbing again on Friday with the stock gaining 4.20% or $0.33to close at $8.19 on light trading of 0.523 million shares, compared to its three month average trading volume of 0.627 million. The development stage biotechnology company has been trending upwards for the last six months and is far outperforming the S&P 500, with the stock up 46.25% compared to the index which has only gained 4.48% over the same period. With RSI of 50.64, Northwest Biotherapeutics Inc has the potential to make further gains, making it a hold and potential buy.
Targacept Inc (NASDAQ:TRGT) reversed its recent downward trend on Friday with the stock gaining 1.74% or $0.04 to close the day at $2.34 with only 0.024 million shares changing hands, compared to its three month average trading volume of 0.103 million shares. The biopharmaceutical company focused on developing new nervous system drug treatments had been trading within a narrow range of between $2.18 and $2.85 for most of the last one month. With strong quick ratio of 37.30 and MACD just passing a bullish crossover, the stock has an upside potential, making it a hold and potential medium term buy at this time.
Cabot Oil & Gas Corporation (NYSE:COG) continued to climb on Friday with the stock gaining an additional 0.33% or $0.11 to close at $33.93 on light trading volume of 5.212 million, compared to its three month average trading volume of 5.96 million. The independent crude oil, natural gas and natural gas liquid producer and distributor has been steadily declining for the last 52 weeks, losing 13.67% but so far this year, it has already gained 14.67% compared to the S&P 500 which is up only 2.40%for the same period. The MFI is at 84, which is relatively high and indicates a potential reversal in the stock. In addition, the RSI is over 72, also a signal that we could see some selling pressure over the near-term.
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