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Friday, March 23, 2012

Top Losers: (NYSE: CVG), (NYSE: WTW), (NYSE: ELT), (NASDAQ: MU), (NYSE: HNP)

Convergys Corporation (NYSE: CVG): fell by 4.42% or $-0.62/share to $13.40. 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 998127. 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.

Weight Watchers International, Inc. (NYSE: WTW): fell by 4.09% or $-3.3554/share to $78.64. In the past year, the shares have traded as low as $51.28 and as high as $86.97. On average, 1578120 shares of WTW exchange hands on a given day and today's volume is recorded at 1978008. 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 $78.19 area where the stock will likely see buying pressure.

Elster Group SE (NYSE: ELT): fell by 3.97% or $-0.64/share to $15.50. In the past year, the shares have traded as low as $11.52 and as high as $17.74. On average, 161648 shares of ELT exchange hands on a given day and today's volume is recorded at 75209. 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 $14.75 area where the stock will likely see buying pressure.

Micron Technology Inc. (NASDAQ: MU): fell by 3.96% or $-0.345/share to $8.36. In the past year, the shares have traded as low as $3.97 and as high as $11.89. On average, 30798300 shares of MU exchange hands on a given day and today's volume is recorded at 28932652. 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 $8.28 area where the stock will likely see buying pressure.

Huaneng Power International Inc. (NYSE: HNP): fell by 3.89% or $-0.89/share to $21.99. In the past year, the shares have traded as low as $15.45 and as high as $26.31. On average, 134844 shares of HNP exchange hands on a given day and today's volume is recorded at 81295. 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 $24.89 represents resistance and the 200-day moving average of $20.88 would be an area of support.