Business

Stocks to Watch For: Gold Resource Corporation (NYSEMKT:GORO), Legg Mason Inc (NYSE:LM), Alon USA Energy, Inc. (NYSE:ALJ)

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Gold Resource Corporation (NYSEMKT:GORO) fall -4.53% during last trading as the stock less -$0.29 to finish the day at $6.11 with about 975,936.00 shares changing hands, compared to its three month average trading volume of 1.07M. The $316.55M market cap company, which fluctuated between $6.05 and $6.25 during the day, currently situated 438.57% above its 52 week low of $1.13 and -11.16% away from its one year high of $6.88. The RSI of 56.42 indicates the stock is overbought at the current levels, sell for now. Gold Resource Corporation is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (Oaxaca). The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.

Legg Mason Inc (NYSE:LM) fall -$0.08 to close the day at a new closing price of $34.17, a -0.23% decrease in value from its previous closing price that moved the stock 38.79% above its 52 week low of $24.62. A total of 972,921.00 shares exchanged hands during the day compared with its three month average trading volume of 1.14M. The stock, which fluctuated between $33.82 and $34.54 during the day, currently situated -28.46% below its 52 week high. The stock is up by 4.08% in the past one month and up by 7.74% over the past three months. With a one year target estimate of $40.33 and RSI of 57.08, the stock still has upside potential, making it a hold for now. Legg Mason, Inc. is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities.

Alon USA Energy, Inc. (NYSE:ALJ) had a light trading with around 972,495.00 shares changing hands compared to its three month average trading volume of 1.47M. The stock traded between $7.24 and $7.55 before closing at the price of $7.45 with 0.74% change on the day. The company is currently trading 29.73% below its 52 week low of $5.74 and -63.24% above its 52 week high of $20.26. Both the RSI indicator and target price of 59.11 and $7.14 respectively, lead us to believe that it could drop over the coming weeks. Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States.

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