The following stocks were among the worst performers for the week: RPC Inc, The Royal Bank of Scotland Group plc, Micron Technology Inc, Veolia Environnement S.A, and DR Horton Inc.
Shares of RPC Inc (RES) had a total return loss of -10.42% for the week and are currently trading at $10.06. In the past year, the shares have traded as low as $9.30 and as high as $18.99. On average, 2682520 shares of RES exchange hands on a given day and today's volume is recorded at 1439768. 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 $10.29 area but be careful because the stock may face selling pressure at this level.
Shares of The Royal Bank of Scotland Group plc (RBS) had a total return loss of -10.0% for the week and are currently trading at $8.01. In the past year, the shares have traded as low as $5.36 and as high as $14.76. On average, 516460 shares of RBS exchange hands on a given day and today's volume is recorded at 403841. 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 $8.29 area where the stock may encounter resistance.
Shares of Micron Technology Inc (MU) had a total return loss of -9.86% for the week and are currently trading at $7.59. In the past year, the shares have traded as low as $3.97 and as high as $11.83. On average, 32244940 shares of MU exchange hands on a given day and today's volume is recorded at 15771675. 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 $8.21 represents resistance and the 200-day moving average of $6.82 would be an area of support.
Shares of Veolia Environnement S.A (VE) had a total return loss of -9.69% for the week and are currently trading at $14.73. In the past year, the shares have traded as low as $10.12 and as high as $32.01. On average, 932750 shares of VE exchange hands on a given day and today's volume is recorded at 1112432. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $15.45 represents resistance and the 50-day moving average of $13.89 would be an area of support.
Shares of DR Horton Inc (DHI) had a total return loss of -8.71% for the week and are currently trading at $14.05. In the past year, the shares have traded as low as $7.98 and as high as $16.45. On average, 8124630 shares of DHI exchange hands on a given day and today's volume is recorded at 17730616. 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 $14.72 represents resistance and the 200-day moving average of $12.00 would be an area of support.
