The following stocks were among the worst performers for the week: SanDisk Corp, Ivanhoe Mines Ltd, ING Groep NV, PulteGroup, Inc, and Acuity Brands, Inc.
Shares of SanDisk Corp (SNDK) had a total return loss of -12.21% for the week and are currently trading at $44.09. In the past year, the shares have traded as low as $32.24 and as high as $53.46. On average, 5811230 shares of SNDK exchange hands on a given day and today's volume is recorded at 9293187. 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 $45.63 area where the stock may encounter resistance.
Shares of Ivanhoe Mines Ltd (IVN) had a total return loss of -11.17% for the week and are currently trading at $13.84. In the past year, the shares have traded as low as $12.11 and as high as $28.97. On average, 2925040 shares of IVN exchange hands on a given day and today's volume is recorded at 2720470. 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 $16.95 area but be careful because the stock may face selling pressure at this level.
Shares of ING Groep NV (ING) had a total return loss of -10.9% for the week and are currently trading at $7.52. In the past year, the shares have traded as low as $5.80 and as high as $13.41. On average, 4016760 shares of ING exchange hands on a given day and today's volume is recorded at 4224868. 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 $8.60 area where the stock may encounter resistance.
Shares of PulteGroup, Inc (PHM) had a total return loss of -10.8% for the week and are currently trading at $8.26. In the past year, the shares have traded as low as $3.29 and as high as $9.69. On average, 13028870 shares of PHM exchange hands on a given day and today's volume is recorded at 9720977. 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 $8.69 represents resistance and the 200-day moving average of $6.45 would be an area of support.
Shares of Acuity Brands, Inc (AYI) had a total return loss of -10.68% for the week and are currently trading at $56.44. In the past year, the shares have traded as low as $32.96 and as high as $64.82. On average, 353070 shares of AYI exchange hands on a given day and today's volume is recorded at 732417. 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 $61.51 represents resistance and the 200-day moving average of $50.93 would be an area of support.
