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Stocks Highlights: Oclaro, Inc. (OCLR), Helix Energy Solutions Group, Inc. (HLX), American Eagle Outfitters, Inc. (AEO)

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Oclaro, Inc. (OCLR) had a active trading with around 7.34M shares changing hands compared to its three month average trading volume of 5.17M. The stock traded at the price of $8.54 with 3.26% change on the day. The San Jose California 95131 based company is currently trading 170.25% above its 52 week low of $3.16 and -16.19% below its 52 week high of $10.19. Both the RSI indicator and target price of 46.94 and $12.19 respectively, lead us to believe that it should be put on hold over the coming weeks.

Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The company’s products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications. The company markets its products through direct sales force, as well as through sales representatives and resellers. It serves network equipment manufacturers of telecommunications and datacom systems, and hyperscale data center operators. The company was formerly known as Bookham, Inc. and changed its name to Oclaro, Inc. in April 2009. Oclaro, Inc. was founded in 1988 and is headquartered in San Jose, California.

Helix Energy Solutions Group, Inc. (HLX) continued its downward trend with the stock declining -6.64% or $-0.62 to close the day at $8.72 on active trading volume of 7.31M shares, compared to its three month average trading volume of 2.44M. The Houston Texas 77043 based company has been outperforming the oil & gas equipment & services group over the past 52 weeks, with the stock gaining 86.32%, compared to the industry which has advanced 38.95% over the same period. With RSI of 39.87, the stock should still continue to rise and get closer to its one year target estimate of $12.18, making it a hold for now.

Helix Energy Solutions Group, Inc., together with its subsidiaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. It operates through three segments: Well Intervention, Robotics, and Production Facilities. The company engineers, manages, and conducts well construction, intervention, and abandonment operations in water depths ranging from 200 to 10,000 feet; and operates remotely operated vehicles (ROVs), trenchers, and ROVDrills for offshore construction, maintenance, and well intervention services. It also offers well intervention; intervention engineering; production enhancement; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and life of field support. In addition, the company provides reclamation and remediation services; well plugging and abandonment services; pipeline abandonment services; and site inspections. Further, it engages in the installation of subsea pipelines, flowlines, control umbilicals, manifold assemblies, and risers; burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. Additionally, the company offers oil and natural gas processing services to oil and natural gas companies; and fast response system services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, alternative energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

American Eagle Outfitters, Inc. (AEO) shares were up in last trading by 1.8% to $15.24. It experienced higher than average volume on day. The stock decreased in value by almost -1.42% over the past week and fell -15.33% in the past month. It is currently trading -9.02% below its 50 day moving average and -7.57% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -20.89% decrease in value from its one year high of $19.55. The RSI indicator value of 43.46, lead us to believe that it is a hold for now.

American Eagle Outfitters, Inc. operates as a specialty retailer offering on-trend clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company provides denim, bottoms, and other apparel, as well as footwear and accessories for men and women; and intimates, including bras, undies, swim, and other products, as well as apparel and personal care products for women. In addition, it offers sports apparel under the Tailgate brand; and menswear products under the Todd Snyder New York brand name. The company operates approximately 1,000 stores in the United States, Canada, Mexico, China, Hong Kong, and the United Kingdom, and ships to 81 countries through its websites. It also offers its merchandise at 151 stores operated by licensees in 22 countries, as well as through its Websites at ae.com, aerie.com, TailgateClothing.com, and ToddSnyder.com. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania.

 

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