Nabors Industries Ltd. (NYSE: NBR): fell by 2.63% or $-0.46/share in pre-market trading to $17.00. In the past year, the shares have traded as low as $11.05 and as high as $32.47. 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 $17.95 area where the stock may encounter resistance.
Vaalco Energy Inc. (NYSE: EGY): fell by 3.38% or $-0.33/share in pre-market trading to $9.42. In the past year, the shares have traded as low as $4.57 and as high as $9.75. 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 $8.19 area where the stock will likely see buying pressure.
Best Buy Co. Inc. (NYSE: BBY): fell by 3.27% or $-0.87/share in pre-market trading to $25.75. In the past year, the shares have traded as low as $21.79 and as high as $32.85. 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 $25.43 area where the stock will likely see buying pressure.
Omnicare Inc. (NYSE: OCR): traded higher by 4.60% or $1.56/share in pre-market trading to $35.50. In the past year, the shares have traded as low as $20.36 and as high as $35.87. 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 $34.08 area where the stock will likely see buying pressure.
True Religion Apparel Inc. (NASDAQ: TRLG): traded higher by 3.69% or $0.96/share in pre-market trading to $27.00. In the past year, the shares have traded as low as $23.17 and as high as $37.82. 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 $31.55 represents resistance and the 50-day moving average of $26.97 would be an area of support.
