What Stocks To Buy Or Sell? Aduro BioTech Inc (ADRO), SFX Entertainment Inc (SFXE) and Applied Micro Circuits Corporation (AMCC)
New York, NY – GDP INSIDER – 05/18/2014.
This article discusses three companies: Aduro BioTech Inc (NASDAQ:ADRO), SFX Entertainment Inc (NASDAQ:SFXE) and Applied Micro Circuits Corporation (NASDAQ:AMCC)
Aduro BioTech Inc (NASDAQ:ADRO) continued its recent downward trend during Friday’s trading as the stock lost $1.40 to finish the day at a closing price of $31.47, a 4.26% decrease in value from its previous closing price of $32.87 on lower than average trading volume of 0.258 million compared with its three month average trading volume of 1.03 million. The US-based clinical-stage immunotherapy company’s decline in value came despite the fact that the company did not make any significant announcements or release any financial figures. Aduro BioTech Inc has a price target estimate of $51.25 and quarterly revenue growth of 3408.20% year over year, which indicate that the stock has plenty of upside potential, making it a hold.
SFX Entertainment Inc (NASDAQ:SFXE) saw a decline of fourteen cents on Friday to finish the day at a closing price of $4.38, a 3.10% decline in value from its previous closing price of $4.52 on light trading volume of 0.417 million, compared to its three month average trading volume of 0.580 million. The producer of entertainment and live events has been falling steadily for the last one year with the stock down 34.72%, but has been starting to gain back some of these losses over the last three months with the stock up 25.50%. With the stock just passing a positive MACD crossover and RSI at 53.13, the stock has significant upward potential, making it a hold and speculative buy at the right time.
Applied Micro Circuits Corporation (NASDAQ:AMCC) shares did well on Friday and increased by $0.61 to $6.11, a gain of 11.09% on higher than average trading volume of 1.53 million compared with its 30 day average trading volume of 0.725 million. The stock is down 28.54% over the past one year but is up over 18% in the last three months, and we expect it to move higher. It has made a sustained move above its 50 day moving average, and from a technical perspective, is not showing signs of reversing. However, with RSI of 70.42, the stock could see some selling pressure over the near term.
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