The following stocks were among the worst performers for the week: Randgold Resources Limited, The Governor and Company of The Bank of Ireland, Mechel OAO, Rowan Companies Inc, and Huaneng Power International Inc.
Shares of Randgold Resources Limited (GOLD) had a total return loss of -10.02% for the week and are currently trading at $91.32. In the past year, the shares have traded as low as $72.91 and as high as $120.73. On average, 597990 shares of GOLD exchange hands on a given day and today's volume is recorded at 3017443. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $102.72 area where the stock may encounter resistance.
Shares of The Governor and Company of The Bank of Ireland (IRE) had a total return loss of -9.92% for the week and are currently trading at $6.99. In the past year, the shares have traded as low as $3.99 and as high as $26.89. On average, 1575820 shares of IRE exchange hands on a given day and today's volume is recorded at 1949184. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $8.31 represents resistance and the 50-day moving average of $6.84 would be an area of support.
Shares of Mechel OAO (MTL) had a total return loss of -9.83% for the week and are currently trading at $9.81. In the past year, the shares have traded as low as $7.76 and as high as $32.20. On average, 3064320 shares of MTL exchange hands on a given day and today's volume is recorded at 4533069. 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 $10.78 area but be careful because the stock may face selling pressure at this level.
Shares of Rowan Companies Inc (RDC) had a total return loss of -9.48% for the week and are currently trading at $33.52. In the past year, the shares have traded as low as $28.13 and as high as $44.83. On average, 2129790 shares of RDC exchange hands on a given day and today's volume is recorded at 2665516. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $34.76 area where the stock may encounter resistance.
Shares of Huaneng Power International Inc (HNP) had a total return loss of -9.39% for the week and are currently trading at $22.1. In the past year, the shares have traded as low as $15.45 and as high as $26.31. On average, 135790 shares of HNP exchange hands on a given day and today's volume is recorded at 221315. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $24.47 represents resistance and the 200-day moving average of $20.52 would be an area of support.
