Will Miller Energy Resources Inc (MILL), American Apparel Inc (APP) and CorMedix Inc. (CRMD) Bring Big Returns?

Posted by admin March 19, 2015 0 Comment 944 views

New York, NY – GDP INSIDER  –  03/19/2015.

This article discusses three companies: Miller Energy Resources Inc (NYSE:MILL), American Apparel Inc (NYSEMKT:APP) and CorMedix Inc. (NYSEMKT:CRMD)

Miller Energy Resources Inc (NYSE:MILL) continued to decline yesterday with the stock dropping 5.66% or six cents to close at $1, with more than 2.26 million shares changing hands compared to its 30 day average trading volume of 0.65 million. The US-based oil and natural gas exploration and development company has been seeing its stock value decline recently, in line with the ongoing weakness in the price of oil. Miller Energy Resources Inc has an RSI value of 28.79, which indicates that the stock is undervalued at the current level, making it a hold for now.

Should You Invest In Miller Energy Resources Inc Now? Read Our Free MILL Analysis To Know More.
American Apparel Inc (NYSEMKT:APP)
lost $0.040 to finish its trading at a closing price of $0730, a 5.19% decrease in value from its previous closing price on higher than average trading volume of 2.18 million compared to its 30 day average trading volume of 0.56 million, after it delayed its annual financial report to rework lending agreement. American Apparel Inc has been underperforming for the last six months, with the stock down 12.05% compared to the S&P 500 which is up 4.38% over the same period. With the EPS of $-0.44 and quarterly revenue growth (yoy) down 5.20%, the stock may be better to hold than buy at this time.
Does American Apparel Inc Have The Right Technical Indicators? Get The Complete Picture With Our Free APP Analysis.
CorMedix Inc. (NYSEMKT:CRMD)
the development stage specialty pharmaceutical company, fell 5.01% or $0.44 yesterday to close at $8.35 on light trading of 1.10 million shares compared to its three month average trading volume of 1.16 million. Over the past one week and over the past one month, the shares of CorMedix Inc has surged 3.60% and an impressive 153.80%, respectively. Not only that, but the stock has also been outperforming since the beginning of the year and is now up 337.17% year to date, compared to the S&P 500, which has also increased 1.97% over the same period. While the MFI of 70.03 is not concerning, the RSI of 70.37 is on the verge of pushing into overbought territory. That said, the stock could move higher, and these technical are not yet indicating a near term reversal.
What Should You Consider Before Investing In CorMedix Inc? Click Here To See Why You Should Own CRMD In Your Portfolio.

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