Will These Stocks Sink Or Swim? Boardwalk Pipeline Partners, LP (BWP), Omeros Corporation (OMER) and Green Plains Inc (GPRE)
New York, NY – GDP INSIDER – 05/01/2014.
This article discusses three companies: Boardwalk Pipeline Partners, LP (NYSE:BWP), Omeros Corporation (NASDAQ:OMER) and Green Plains Inc (NASDAQ:GPRE)
Boardwalk Pipeline Partners, LP (NYSE:BWP) continued its upward trend yesterday with the stock climbing 1.74% or $0.30 to finish the day at $17.51 on lower than average trading volume of 0.435 million, compared to its three month average trading volume of 1.09 million. The $4.26 billion market cap company, which oscillated between $17.03 and $17.53 during the day, has been performing well over the past three months, with the stock up 11.39% compared to the S&P 500 index, which has gained only 3.20% for the same period. While the MFI of 57 is not concerning, the RSI of 74 is on the verge of pushing into more concerning territory. That said, the stock could move higher, and these technical are not yet indicating that a correction is on the horizon.
Omeros Corporation (NASDAQ:OMER) suffered a decline of 5.27% or $1.12 to finish the day at a closing price of $20.12 on higher than average trading volume of 0.549 million, compare dto its three month average trading volume of 0.516 million. The US-based biopharmaceutical company had been gaining steadily for most of the last 52 weeks with the stock climbing 62.52%, but has been starting to lose some of these gains since the beginning of the year with the stock down 18.81% year to date. With RSI of 27.75 and MACD diverging in bearish direction, it is a hold with a view to buy in the near term.
Green Plains Inc (NASDAQ:GPRE) reversed its recent decline closing up 0.13% or $0.04 to finish the day at $31.14 on low trading volume of 0.654 million, compared to its three month average trading volume of 1.10 million. Over the past one month and over the past three months, the shares of Green Plains Inc have climbed 9.07% and 33.42%, respectively. Overall, the stock is currently situated 53.32% above its 52 week low of $20.31 and 32.71% below its 52 week high of $46.28. The RSI and MFI are 58.98 and 47.22, respectively. Both of these indicate the bullish move could continue, and the technical are not yet indicating any near term reversal, making it a hold.
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