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Friday, April 6, 2012

Services Stocks Fall (RT) (CKEC) (BKE) (TWER) (GOOG)

Ruby Tuesday, Inc. (NYSE: RT): fell by 18.13% or $-1.61/share to $7.27. In the past year, the shares have traded as low as $6.35 and as high as $12.12. On average, 543462 shares of RT exchange hands on a given day and today's volume is recorded at 5066076. 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 $7.57 area where the stock may encounter resistance.

Carmike Cinemas, Inc. (NASDAQ: CKEC): fell by 8.40% or $-1.22/share to $13.31. In the past year, the shares have traded as low as $5.14 and as high as $14.92. On average, 121660 shares of CKEC exchange hands on a given day and today's volume is recorded at 1859002. 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 $10.44 area where the stock will likely see buying pressure.

The Buckle, Inc. (NYSE: BKE): fell by 6.73% or $-3.3/share to $45.75. In the past year, the shares have traded as low as $33.97 and as high as $50.00. On average, 391064 shares of BKE exchange hands on a given day and today's volume is recorded at 1418438. 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 $47.45 represents resistance and the 200-day moving average of $43.04 would be an area of support.

Towerstream Corporation (NASDAQ: TWER): fell by 6.34% or $-0.31/share to $4.58. In the past year, the shares have traded as low as $1.78 and as high as $5.86. On average, 604579 shares of TWER exchange hands on a given day and today's volume is recorded at 1044105. 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 $3.42 area where the stock will likely see buying pressure.

Google Inc (NASDAQ: GOOG): fell by 0.45% or $-2.83/share to $632.32. In the past year, the shares have traded as low as $473.02 and as high as $670.25. On average, 2647450 shares of GOOG exchange hands on a given day and today's volume is recorded at 2319712. 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 $624.34 area where the stock will likely see buying pressure.