Where Are These Stocks Headed? XOMA Corp (XOMA), BioScrip Inc (BIOS) and Basic Energy Services Inc (BAS)
New York, NY – GDP INSIDER – 04/27/2014.
This article discusses three companies: XOMA Corp (NASDAQ:XOMA), BioScrip Inc (NASDAQ:BIOS) and Basic Energy Services Inc (NYSE:BAS)
XOMA Corp (NASDAQ:XOMA) continued its steady decline on Friday with the stock closing down 0.55% or $0.02 at $3.60, 3.77% below its 50 day moving average of $3.75 and 10.83% away from its 200 day moving average of $4.03. The $420.98 million market cap company had a low trading volume of 1.157 million during its last trading session, a figure which is slightly lower than its three month average trading volume of 2.12 million. XOMA Corp has an RSI value of 40.26, which indicates that the stock is not overbought at the current level. With quarterly earnings growth (yoy) of 87.30% and target price estimate of $8.71, the stock is a hold.
BioScrip Inc (NASDAQ:BIOS) continued to climb on Friday with the stock closing up 0.19% or $0.01 at $5.26 on Friday, on lower than average trading volume of 0.434 million, compared to its three month average trading volume of 1.46 million. The US-based home infusion and other home healthcare services provider has been doing well so far this month gaining 21.48% and outperforming the S&P 500 index, which is only up 1.25% for the same period. With RSI of 54.73, BioScrip Inc is trading around its current natural level and has a one year target estimate of $7.25, making it a hold for now.
Basic Energy Services Inc (NYSE:BAS) continued to gain on Friday with the stock climbing another 7.67% or $0.62 to close at $8.70 on active trading of 7.361 million shares, compared to its three month average trading volume of 3.24 million. The oil and natural gas drilling and production company has been fluctuating recently in line with oil, as the company struggles to raise its share price above $8.80, its most recent resistance level. With the stock still above its one year target estimate of $8.09, it is better to sell than hold at this time.
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