Which Has The Stamina To Keep Climbing? Paramount Gold and Silver Corp (PZG) and Parker Drilling Company (PKD)
New York, NY – GDP INSIDER – 04/15/2014.
This article discusses two companies: Paramount Gold and Silver Corp (NYSEMKT:PZG) and Parker Drilling Company (NYSE:PKD)
Paramount Gold and Silver Corp (NYSEMKT:PZG) had a busy trading day on Tuesday with the stock climbing 2.56% or $0.03 to close at $1.20 on light trading of over 0.949 million shares, compared to its 30 day average trading volume of 1.01 million. The gold, silver and precious metals exploration and development company has been trending downward since its three month high of $1.52 in the middle of February and the stock has now fallen far enough that it is converging on a bullish MACD crossover. With RSI of 42.67 the stock also looks like it is becoming undervalued, which may start to push Paramount Gold and Silver Corp slightly higher, as investors move out of some of the weaker commodities into precious metals. With a one year target estimate of $1.56 the stock does have potential in the long term and could be a good investment, but is at best a hold for now.
Parker Drilling Company (NYSE:PKD) continued to climb yesterday with the stock gaining another 3.75% or $0.15 to close at $4.15 with more than 0.872 million shares changing hands, compared to its 30 day average trading volume of 0.637 million. The stock has been trading between $2.59 and $4.20 for the last three months with the largely oil focused drilling and management services company suffering from the lack of new contracts, due to the slump in oil prices. The RSI for Parker Drilling Company is currently 74.08, and it leads us to believe there is more upside before downside pressure mounts. Despite the energy sector’s woes, Parker Drilling Company is now outperforming the S&P 500 with the stock up 35.18% for the year so far, compared to the S&P 500 which has only gained 1.79% over the same period. With the stock now experiencing a bullish MACD crossover the ticker may continue to increase further in the short term, but without the oil industry getting some positive news, it is unlikely that the stock will make significant gains making it a hold at best.
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.