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Tuesday, March 27, 2012

Top Losers: (NYSE: MMR), (NASDAQ: NBIX), (NASDAQ: APOL), (NYSE: NBG), (NYSE: TOT)

McMoRan Exploration Co. (NYSE: MMR): fell by 16.14% or $-1.96/share to $10.18. In the past year, the shares have traded as low as $8.25 and as high as $19.26. On average, 2355750 shares of MMR exchange hands on a given day and today's volume is recorded at 4498197. 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 $13.13 area where the stock may encounter resistance.

Neurocrine Biosciences Inc. (NASDAQ: NBIX): fell by 7.90% or $-0.71/share to $8.28. In the past year, the shares have traded as low as $5.42 and as high as $9.98. On average, 631829 shares of NBIX exchange hands on a given day and today's volume is recorded at 1123139. 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 $8.43 represents resistance and the 200-day moving average of $7.42 would be an area of support.

Apollo Group Inc. (NASDAQ: APOL): fell by 7.71% or $-3.33/share to $39.87. In the past year, the shares have traded as low as $37.08 and as high as $58.29. On average, 2268230 shares of APOL exchange hands on a given day and today's volume is recorded at 3438760. 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 $46.96 area but be careful because the stock may face selling pressure at this level.

National Bank of Greece SA (NYSE: NBG): fell by 6.71% or $-0.21/share to $2.92. In the past year, the shares have traded as low as $1.64 and as high as $9.40. On average, 1373280 shares of NBG exchange hands on a given day and today's volume is recorded at 1088465. 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 $2.92 area where the stock may encounter resistance.

Total SA (NYSE: TOT): fell by 6.64% or $-3.64/share to $51.15. In the past year, the shares have traded as low as $40.00 and as high as $64.44. On average, 2667630 shares of TOT exchange hands on a given day and today's volume is recorded at 9645006. 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 $55.11 represents resistance and the 200-day moving average of $51.02 would be an area of support.