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Thursday, April 5, 2012

Top Losers In The Consumer Retail Sector (MLR) (CFI) (MKTAY) (RGR) (PKOH)

Miller Industries, Inc. (NYSE: MLR): fell by 2.11% or $-0.3601/share to $16.69. In the past year, the shares have traded as low as $14.65 and as high as $21.29. On average, 55586 shares of MLR exchange hands on a given day and today's volume is recorded at 16142. 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 $16.79 area but be careful because the stock may face selling pressure at this level.

Culp, Inc. (NYSE: CFI): fell by 0.26% or $-0.03/share to $11.71. In the past year, the shares have traded as low as $7.05 and as high as $11.81. On average, 11265 shares of CFI exchange hands on a given day and today's volume is recorded at 5051. 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 $10.39 area where the stock will likely see buying pressure.

Makita Corporation (ADR) (NASDAQ: MKTAY): fell by 1.47% or $-0.58/share to $38.77. In the past year, the shares have traded as low as $30.44 and as high as $48.41. On average, 10222 shares of MKTAY exchange hands on a given day and today's volume is recorded at 1100. 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 $41.01 represents resistance and the 200-day moving average of $36.74 would be an area of support.

Sturm, Ruger & Company (NYSE: RGR): fell by 1.35% or $-0.7/share to $51.00. In the past year, the shares have traded as low as $18.65 and as high as $53.29. On average, 303481 shares of RGR exchange hands on a given day and today's volume is recorded at 103492. 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 $44.85 area where the stock will likely see buying pressure.

Park-Ohio Holdings Corp. (NASDAQ: PKOH): fell by 1.16% or $-0.242/share to $20.55. In the past year, the shares have traded as low as $10.59 and as high as $24.40. On average, 39292 shares of PKOH exchange hands on a given day and today's volume is recorded at 2700. 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 $19.75 area where the stock will likely see buying pressure.