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Thursday, March 29, 2012

Top Losers: (NYSE: AH), (NYSE: BBY), (NYSE: NBG), (NYSE: BKI), (NYSE: MTL)

Accretive Health, Inc. (NYSE: AH): fell by 16.46% or $-3.96/share to $20.10. In the past year, the shares have traded as low as $19.31 and as high as $32.82. On average, 357808 shares of AH exchange hands on a given day and today's volume is recorded at 70263. 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 $23.99 area where the stock may encounter resistance.

Best Buy Co. Inc. (NYSE: BBY): fell by 7.02% or $-1.87/share to $24.75. In the past year, the shares have traded as low as $21.79 and as high as $32.85. On average, 5565520 shares of BBY exchange hands on a given day and today's volume is recorded at 3271637. 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 $25.34 area where the stock may encounter resistance.

National Bank of Greece SA (NYSE: NBG): fell by 6.34% or $-0.18/share to $2.66. In the past year, the shares have traded as low as $1.64 and as high as $9.40. On average, 1417850 shares of NBG exchange hands on a given day and today's volume is recorded at 77692. 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 $2.91 area where the stock may encounter resistance.

Buckeye Technologies Inc. (NYSE: BKI): fell by 4.88% or $-1.72/share to $33.50. In the past year, the shares have traded as low as $22.45 and as high as $38.50. On average, 349985 shares of BKI exchange hands on a given day and today's volume is recorded at 21623. 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 $34.46 represents resistance and the 200-day moving average of $31.55 would be an area of support.

Mechel OAO (NYSE: MTL): fell by 4.80% or $-0.45/share to $8.93. In the past year, the shares have traded as low as $7.76 and as high as $32.20. On average, 3145060 shares of MTL exchange hands on a given day and today's volume is recorded at 381138. 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 $10.61 area but be careful because the stock may face selling pressure at this level.