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Wednesday, March 28, 2012

After-Hours Movers: (RHT), (LF), (AM), (SHAW), (NCT)

Red Hat, Inc. (NYSE: RHT): traded higher by 8.74% or $4.49/share in after hours trading to $55.88. In today's trading session, RHT fell by 0.98% or $-0.51/share to $51.39. In the past year, the shares have traded as low as $31.77 and as high as $54.01. On average, 1570920 shares of RHT exchange hands on a given day and today's volume is recorded at 4273969. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $49.90 area where the stock will likely see buying pressure.

LeapFrog Enterprises Inc. (NYSE: LF): traded higher by 3.06% or $0.25/share in after hours trading to $8.41. In today's trading session, LF fell by 2.74% or $-0.23/share to $8.16. In the past year, the shares have traded as low as $2.57 and as high as $8.48. On average, 791538 shares of LF exchange hands on a given day and today's volume is recorded at 836790. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $7.32 area where the stock will likely see buying pressure.

American Greetings Corp. (NYSE: AM): fell by 3.58% or $-0.56/share in after hours trading to $15.08. In today's trading session, AM fell by 0.13% or $-0.02/share to $15.64. In the past year, the shares have traded as low as $12.47 and as high as $24.84. On average, 472506 shares of AM exchange hands on a given day and today's volume is recorded at 526106. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $15.41 area but be careful because the stock may face selling pressure at this level.

Shaw Group Inc. (NYSE: SHAW): traded higher by 2.95% or $0.91/share in after hours trading to $31.75. In today's trading session, SHAW fell by 2.28% or $-0.72/share to $30.84. In the past year, the shares have traded as low as $18.98 and as high as $39.91. On average, 792132 shares of SHAW exchange hands on a given day and today's volume is recorded at 1415964. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $30.12 area where the stock will likely see buying pressure.

Newcastle Investment Corp. (NYSE: NCT): fell by 4.01% or $-0.26/share in after hours trading to $6.22. In today's trading session, NCT remained unchanged at $6.48. In the past year, the shares have traded as low as $3.56 and as high as $6.75. On average, 806686 shares of NCT exchange hands on a given day and today's volume is recorded at 1019499. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $5.94 area where the stock will likely see buying pressure.