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Monday, March 26, 2012

Top Losers: (NYSE: PRIS), (NYSE: IBN), (NYSE: SLT), (NYSE: ZNH), (NASDAQ: CLWR)

Grupo Prisa SA (NYSE: PRIS): fell by 4.36% or $-0.1567/share to $3.43. In the past year, the shares have traded as low as $3.53 and as high as $13.11. On average, 24569 shares of PRIS exchange hands on a given day and today's volume is recorded at 2250. 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 $3.97 area but be careful because the stock may face selling pressure at this level.

ICICI Bank Ltd. (NYSE: IBN): fell by 3.60% or $-1.29/share to $34.52. In the past year, the shares have traded as low as $24.14 and as high as $51.50. On average, 2527440 shares of IBN exchange hands on a given day and today's volume is recorded at 162320. 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 $37.20 represents resistance and the 200-day moving average of $33.76 would be an area of support.

Sterlite Industries (India) Ltd. (NYSE: SLT): fell by 3.57% or $-0.32/share to $8.65. In the past year, the shares have traded as low as $6.64 and as high as $16.60. On average, 1331810 shares of SLT exchange hands on a given day and today's volume is recorded at 96302. 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 $9.19 area where the stock may encounter resistance.

China Southern Airlines Co. Ltd. (NYSE: ZNH): fell by 2.72% or $-0.62/share to $22.21. In the past year, the shares have traded as low as $19.94 and as high as $35.45. On average, 34270 shares of ZNH exchange hands on a given day and today's volume is recorded at 1101. 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 $25.30 area but be careful because the stock may face selling pressure at this level.

Clearwire Corporation (NASDAQ: CLWR): fell by 2.71% or $-0.065/share to $2.33. In the past year, the shares have traded as low as $1.24 and as high as $6.11. On average, 11894400 shares of CLWR exchange hands on a given day and today's volume is recorded at 800266. 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 $2.19 area where the stock will likely see buying pressure.