Which Way Are Lucas Energy, Inc. (LEI), AK Steel Holding Corporation (AKS) and Cypress Semiconductor Corporation (CY) Heading?
New York, NY – GDP INSIDER – 05/20/2014.
This article discusses three companies: Lucas Energy, Inc. (NYSEMKT:LEI), AK Steel Holding Corporation (NYSE:AKS) and Cypress Semiconductor Corporation (NASDAQ:CY)
Lucas Energy, Inc. (NYSEMKT:LEI) continued to decline during yesterday’s trading as the stock lost $0.033 to finish the day at $0.145, a 18.49% decline in value from its previous closing price of $0.18 on higher than average trading volume of 1.432 million, compared to its three month average trading volume of 0.632 million. The shares of US-based independent oil and gas company started to fall after it terminated the Letter of Intent for the merger with Victory Energy Corp (OTCMKTS:VYEY). Despite the loss the stock is still trading 141.67% above its 52 week low of $0.06. However, the stock has been in decline for the last six months and has already lost over 50% of its value in that period. With its RSI declining and bearish MACD divergence, it is better to sell at the moment.
AK Steel Holding Corporation (NYSE:AKS) fell back slightly yesterday to close down 7.28% or $0.41 at $5.22 on heavy trading of 12.50 million shares, compared to its 30 day average trading volume of 9.84 million. The US-based producer of flat-rolled carbon, stainless and electrical steels has been steadily declining for the last 52 weeks, losing over 21% and so far this year, it has already lost 12.12% compared to the S&P 500 which is up 3.35% since the beginning of the year. With the company approaching a bearish MACD crossover and its RSI declining, it is better to hold for now.
Cypress Semiconductor Corporation (NASDAQ:CY) continued to climb yesterday with the stock climbing 2.02% or $0.27 to close the day at $13.66 with more than 11.175 million shares changing hands, compared with its three month average trading volume of 8.08 million. The company has been bouncing between $12.26 and $16.13 for the last three months but has been steadily climbing overall for the last 52 weeks with the stock up over 45%. Cypress Semiconductor Corporation is enjoying strong quarterly revenue growth of 22.80% year on year, a one year target estimate of $16.35 and a bullish MACD divergence looking likely there is still plenty of upside potential in the stock making it a good hold and potential medium to long term buy.
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