Which Looks Better In The Medium Term? Roundy’s Inc (RNDY), Resonant Inc (RESN) and Ruby Tuesday Inc (RT)
New York, NY – GDP INSIDER – 04/07/2015.
This article discusses three companies: Roundy’s Inc (NYSE:RNDY), Resonant Inc (NASDAQ:RESN) and Ruby Tuesday Inc (NYSE:RT)
Roundy’s Inc (NYSE:RNDY) continued its recent bumpy upward trend with a strong gain yesterday as the stock rose 11.70% or $0.60 to close at $5.73 on heavy trading of 2.370 million shares compared to its three month average trading volume of 0.363 million. The supermarket chain services company has been very volatile over the last three months but has still gained 33.25% in the process as investors look to companies with strong fundamentals and growth potential while commodities are weak. However, with RSI now at 78.08 it may correct down in the near term.
Resonant Inc (NASDAQ:RESN) fell sharply during its last trading session with the stock plummeting 40.32% or $2.98 to close at $4.41 with more than 1.676 million shares changing hands compared with its three month average trading volume of 0.259 million. The development stage innovator of filter designs for the cellphone industry saw the fall after it announced that the development agreement with its first customer had been terminated. While being hopeful that its second customer to try out the prototype system works better, the company is already issuing earnings warnings making it a sell.
Ruby Tuesday Inc (NYSE:RT) started to bounce back yesterday with the stock gaining 6.93% or $0.42 to close at $6.48 on very active trading of 1.390 million shares. The owner and operator of Ruby Tuesday casual dining restaurant chain has been trading between the fairly narrow range of $6 and $6.58 for the last month, without showing any sign of breaking out. With its Q3 earnings due on April 9th any positive news could push the stock out of its current slump, making it a risky, but potentially lucrative buy.
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