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Momentum Stocks: Atwood Oceanics, Inc. (ATW), The Coca-Cola Company (KO), Colony Capital, Inc. (CLNY)

Managing-Poor-Performance

Atwood Oceanics, Inc. (ATW) retreated with the stock falling -0.77% or $-0.1 to close at $12.87 on light trading volume of 20.33M compared its three months average trading volume of 4.1M. The Houston Texas 77094 based company operating under the Oil & Gas Drilling & Exploration industry has been trending up for the last 52 weeks, with the shares price now 54.13% up for the period and down by -1.98% so far this year. With price target of $9.17 and a 167.01% rebound from 52-week low, Atwood Oceanics, Inc. has plenty of upside potential, making it a hold with a view buy.

Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells. As of November 11, 2016, it owned a fleet of 10 mobile offshore drilling units. The company operates its fleet in the United States, Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia, and offshore Australia. Atwood Oceanics, Inc. was founded in 1968 and is headquartered in Houston, Texas.

The Coca-Cola Company (KO) had a active trading with around 19.67M shares changing hands compared to its three month average trading volume of 13.78M. The stock traded between $40.86 and $41.44 before closing at the price of $41.04 with -0.68% change on the day. The Atlanta Georgia 30313 based company is currently trading 3.98% above its 52 week low of $39.88 and -10.79% below its 52 week high of $47.13. Both the RSI indicator and target price of  and $45.54 respectively, lead us to believe that it could rise over the coming weeks.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters. The company’s still beverages comprise nonalcoholic beverages without carbonation, including noncarbonated waters, flavored and enhanced waters, noncarbonated energy drinks, juices and juice drinks, ready-to-drink teas and coffees, and sports drinks. It also provides flavoring ingredients, sweeteners, beverage ingredients, and fountain syrups, as well as powders for purified water products. The Coca-Cola Company sells its products primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glacéau Vitaminwater, Bonaqua/Bonaqa, Gold Peak, FUZE TEA, Glacéau Smartwater, and Ice Dew brand names. The company offers its beverage products through a network of company-owned or controlled bottling and distribution operators, as well as through independent bottling partners, distributors, wholesalers, and retailers. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.

Colony Capital, Inc. (CLNY) saw its value increase by 1.22% as the stock gained $0.26 to finish the day at a closing price of $21.52. The stock was higher in trading and has fluctuated between $14.73-$21.92 per share for the past year. The shares, which traded within a range of $21.11 to $21.78 during the day, are up by 21.5% in the past three months and up by 34.99% over the past six months. It is currently trading 5.07% above its 20 day moving average and 8.51% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $25.75 a share over the next twelve months. The current relative strength index (RSI) reading is 63.54.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Colony Capital, Inc. is a real estate investment trust. The firm invests in the real estate markets of North America and Europe. Its investment portfolio is primarily composed of real estate equity; real estate and real estate-related debt; and investment management of company-sponsored private equity funds and vehicles. The firm invests in wide spectrum of commercial real estate property types, including but not limited to, office, industrial, retail, hospitality, education, single-family and multifamily residential assets, and geographies, primarily within North America and Europe. It was formerly known as Colony Financial, Inc. Colony Capital, Inc. was formed on June 23, 2009 and is based in Los Angeles, California.

 

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