Which Way Are Insulet Corporation (PODD), Tile Shop Hldgs Inc. (TTS), Infoblox Inc (BLOX) Heading?
New York, NY – GDP INSIDER – 05/12/2014.
This article discusses three companies: Insulet Corporation (NASDAQ:PODD), Tile Shop Hldgs Inc. (NASDAQ:TTS), Infoblox Inc (NYSE:BLOX)
Insulet Corporation (NASDAQ:PODD) continued to decline yesterday with the stock closing down 3.18% or $0.86 to close the day at $26.30 on lower than average trading volume of 0.737 million compared with its three month average trading volume of 0.851 million. The has not been performing well since the beginning of the year with the stock down 42.91%, compared to the S&P 500 index which is up 2.40% for the same period. With the stock now down over 4% in the past five days, MACD converging in bullish direction and RSI at 29, it is starting to look like very good investment option, making it a buy at this time.
Tile Shop Hldgs, Inc. (NASDAQ:TTS) continued its recent downward trend yesterday as the stock lost 2.41% or $0.33to finish the day at $13.34 on light trading volume of 0.289 million shares, compared to its three month average trading volume of 0.0.532 million. The shares are down by 3% over the past one week but are up over 7% in the past one month. The 52-week range is $6.94 to $16.69. The technical indicators are not pointing to move in the stock one way or the other. However, with RSI declining and bearish MACD divergence, the stock may continue to fall in the near term. At this time, it is a risky buying opportunity, but one that may be worth it over the medium term.
Infoblox Inc (NYSE:BLOX) climbed slightly yesterday as the stock gained forty-five cents to finish the day at $24.64, a 1.86% increase in value from its previous closing price with only 0.489 million shares changing hands, compared to its three month average trading volume of 0.585 million. The California-based network automation and domain name system security solutions provider has been trading within a wide range of between $18.35 and $25.39 for the last three month, with strong indicators that it is likely to break out anytime soon. The stock has been outperforming the S&P 500 as well so far this year, with the share price up 22% compared to the S&P 500 which is up only 2.38% for the same period. With RSI of 60.69, one year price target estimate of $26.42 and bullish MACD crossover, the stock has strong upward potential, making it a hold with a view to buy.
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