Worth A Second Look? GrafTech International Ltd (GTI), Enzon Pharmaceuticals Inc (ENZN) and CNO Financial Group Inc (CNO)
New York, NY – GDP INSIDER – 05/21/2014.
This article discusses three companies: GrafTech International Ltd (NYSE:GTI), Enzon Pharmaceuticals Inc (NASDAQ:ENZN) and CNO Financial Group Inc (NYSE:CNO)
GrafTech International Ltd (NYSE:GTI) had a low trading volume of 1.898 million compared with its three month average trading volume of 1.17 million. The stock traded between $5.03 and $5.05 before closing at its opening price of $5.05 with no change on the day. The manufacturer of graphite electrodes stock is down 51.12% over the last 52 weeks and has been vastly underperforming the S&P 500 which is up 12.33% over the same period. With a converging MACD and RSI of 69.74 the stock does not look like it is going to climb much higher in the near term, without a significant piece of positive news making it a sell, rather than hold at this time.
Enzon Pharmaceuticals Inc (NASDAQ:ENZN) lost four cents yesterday with the stock closing down 3.20% to finish the day at $1.21 on light trading volume of 1.880 million compared with its three month average trading volume of 2.60 million. The US based biotechnology company focused on the development of innovative therapeutics for high unmet medical needs patients has been having a very strong year so far, with the stock up over 50%, outstripping the performance of S&P 500, which is up only 3% over the same period. With its MACD converging in bullish direction and RSI of 46.31, it is best to hold for now.
CNO Financial Group Inc (NYSE:CNO) reversed its recent upward trend with the stock declining 1.03% or $0.19 to finish the day at a closing price of $18.19 on light average trading volume of 1.602 million, compared to its three month average trading volume of 1.95 million. The $3.58 billion market cap company, which has been oscillating between $14.89 and $18.68 over the past 52 weeks, is currently holding well above its 50 day moving average of $17.65 and 200 day moving average of $17.03. With the stock now outperforming the S&P 500 with a gain of 6.2% so far this year, versus the index which has only increased over 3%, it is a reasonable hold rather than a buy for the medium term.
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