Will These Stocks Bring Big Returns? Vaalco Energy Inc (EGY), American Apparel Inc (APP) and CorMedix Inc. (CRMD)
New York, NY – GDP INSIDER – 04/09/2015.
This article discusses three companies: Vaalco Energy Inc (NYSE:EGY), American Apparel Inc (NYSEMKT:APP) and CorMedix Inc. (NYSEMKT:CRMD)
Vaalco Energy Inc (NYSE:EGY) continued to fall yesterday with the stock closing down 4.56% or $0.1 at $4.56 on lower than average trading of 1.30 million shares, compared to its 30 day average trading volume of 1.73 million. The independent oil and natural gas developer and producer has been declining since the middle of February and is now down 49.56% for the year so far compared to the S&P 500 which is up 1.12% for the same period. Vaalco Energy Inc is getting hit hard by the decline in oil prices and with RSI of 18.60 is still a sell or risky hold.
American Apparel Inc (NYSEMKT:APP) lost $0.030 to finish its trading at a closing price of $0.620, a 4.62% decrease in value from its previous closing price on higher than average trading volume of 1.28 million compared to its 30 day average trading volume of 0.690 million. American Apparel Inc has been underperforming for the last six months, with the stock down 12.68% compared to the S&P 500 which is up 5.74% over the same period. With the EPS of $-0.41 and quarterly revenue growth (yoy) down 9.20%, the stock may be better to hold than buy at this time.
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CorMedix Inc. (NYSEMKT:CRMD) the development stage specialty pharmaceutical company, fell 1.41% or $0.13 yesterday to close at $9.11 on light trading of 0.670 million shares compared to its 30 day average trading volume of 1.43 million. The stock has been outperforming since the beginning of the year and is now up 376.96% year to date, compared to the S&P 500, which has also gained 1.12% over the same period. While the MFI of 55.80 is not concerning, the RSI of 65.08 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.
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