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Friday, March 23, 2012

Moving After The Close: (SBGI), (PWER), (THRX), (OYOG), (CVG)

Sinclair Broadcast Group Inc. (NASDAQ: SBGI): fell by 3.85% or $-0.45/share in after hours trading to $11.23. In today's trading session, SBGI traded higher by 4.10% or $0.46/share to $11.68. In the past year, the shares have traded as low as $6.60 and as high as $13.33. On average, 416092 shares of SBGI exchange hands on a given day and today's volume is recorded at 357651. 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 $11.77 represents resistance and the 200-day moving average of $10.40 would be an area of support.

Power-One Inc. (NASDAQ: PWER): fell by 2.80% or $-0.13/share in after hours trading to $4.51. In today's trading session, PWER traded higher by 2.88% or $0.13/share to $4.64. In the past year, the shares have traded as low as $3.68 and as high as $9.15. On average, 2245080 shares of PWER exchange hands on a given day and today's volume is recorded at 968480. 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 $4.71 area but be careful because the stock may face selling pressure at this level.

Theravance Inc. (NASDAQ: THRX): fell by 4.37% or $-0.85/share in after hours trading to $18.62. In today's trading session, THRX traded higher by 4.56% or $0.85/share to $19.47. In the past year, the shares have traded as low as $12.91 and as high as $28.95. On average, 658997 shares of THRX exchange hands on a given day and today's volume is recorded at 481489. 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 $20.23 represents resistance and the 50-day moving average of $18.20 would be an area of support.

OYO Geospace Corp. (NASDAQ: OYOG): fell by 3.31% or $-3.52/share in after hours trading to $102.97. In today's trading session, OYOG traded higher by 3.42% or $3.52/share to $106.49. In the past year, the shares have traded as low as $51.74 and as high as $115.99. On average, 67461 shares of OYOG exchange hands on a given day and today's volume is recorded at 74923. 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 $108.50 represents resistance and the 200-day moving average of $83.86 would be an area of support.

Convergys Corporation (NYSE: CVG): traded higher by 2.86% or $0.39/share in after hours trading to $14.02. In today's trading session, CVG fell by 2.78% or $-0.39/share to $13.63. In the past year, the shares have traded as low as $8.49 and as high as $14.66. On average, 643177 shares of CVG exchange hands on a given day and today's volume is recorded at 2182587. 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 $12.92 area where the stock will likely see buying pressure.