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Saturday, March 24, 2012

Steep Weekly Losses: (DPZ), (GDI), (BTU), (GOL), (YOKU)

The following stocks were among the worst performers for the week: Domino's Pizza, Inc, Gardner Denver Inc, Peabody Energy Corp, GOL Linhas A, and Youku Inc.

Shares of Domino's Pizza, Inc (DPZ) had a total return loss of -9.28% for the week and are currently trading at $36.25. In the past year, the shares have traded as low as $17.69 and as high as $42.21. On average, 865430 shares of DPZ exchange hands on a given day and today's volume is recorded at 815028. 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 $35.21 area where the stock will likely see buying pressure.

Shares of Gardner Denver Inc (GDI) had a total return loss of -9.27% for the week and are currently trading at $64.18. In the past year, the shares have traded as low as $58.18 and as high as $92.73. On average, 908990 shares of GDI exchange hands on a given day and today's volume is recorded at 1156257. 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 $73.11 area but be careful because the stock may face selling pressure at this level.

Shares of Peabody Energy Corp (BTU) had a total return loss of -9.2% for the week and are currently trading at $30.19. In the past year, the shares have traded as low as $29.78 and as high as $73.42. On average, 6234100 shares of BTU exchange hands on a given day and today's volume is recorded at 13591522. 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 $34.82 area but be careful because the stock may face selling pressure at this level.

Shares of GOL Linhas A (GOL) had a total return loss of -8.83% for the week and are currently trading at $7.43. In the past year, the shares have traded as low as $5.03 and as high as $14.32. On average, 1323090 shares of GOL exchange hands on a given day and today's volume is recorded at 582881. 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 $7.80 area but be careful because the stock may face selling pressure at this level.

Shares of Youku Inc (YOKU) had a total return loss of -8.72% for the week and are currently trading at $24.7. In the past year, the shares have traded as low as $13.76 and as high as $69.95. On average, 3146890 shares of YOKU exchange hands on a given day and today's volume is recorded at 1727000. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $23.42 area.