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Wednesday, March 28, 2012

Transportation Stocks Fall Drastically (GOL) (RAIL) (ARII) (GBX) (AAWW)

Gol Linhas Aereas (NYSE: GOL): fell by 6.59% or $-0.48/share to $6.80. In the past year, the shares have traded as low as $5.03 and as high as $14.35. On average, 1339050 shares of GOL exchange hands on a given day and today's volume is recorded at 2652746. 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 $7.46 area where the stock may encounter resistance.

FreightCar America, Inc. (NASDAQ: RAIL): fell by 5.39% or $-1.26/share to $22.12. In the past year, the shares have traded as low as $12.82 and as high as $33.90. On average, 170947 shares of RAIL exchange hands on a given day and today's volume is recorded at 112364. 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 $24.84 represents resistance and the 200-day moving average of $21.04 would be an area of support.

American Railcar (NASDAQ: ARII): fell by 4.13% or $-1.0/share to $23.23. In the past year, the shares have traded as low as $13.68 and as high as $32.12. On average, 120371 shares of ARII exchange hands on a given day and today's volume is recorded at 58533. 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 $23.74 area where the stock may encounter resistance.

The Greenbrier Companies (NYSE: GBX): fell by 4.32% or $-0.9/share to $19.95. In the past year, the shares have traded as low as $10.38 and as high as $29.40. On average, 556305 shares of GBX exchange hands on a given day and today's volume is recorded at 303945. 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 $20.76 area where the stock may encounter resistance.

Atlas Air Worldwide Hldgs (NASDAQ: AAWW): fell by 3.57% or $-1.74/share to $47.05. In the past year, the shares have traded as low as $29.50 and as high as $70.00. On average, 371316 shares of AAWW exchange hands on a given day and today's volume is recorded at 181778. 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 $46.28 area where the stock will likely see buying pressure.