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Wednesday, April 4, 2012

Top Losers: (NYSE: NBG), (NASDAQ: SNDK), (NYSE: AYI), (NASDAQ: WBMD), (CVE: AOI.V)

National Bank of Greece SA (NYSE: NBG): fell by 9.32% or $-0.22/share to $2.14. In the past year, the shares have traded as low as $1.64 and as high as $9.40. On average, 1447370 shares of NBG exchange hands on a given day and today's volume is recorded at 1242928. 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 $2.85 area where the stock may encounter resistance.

SanDisk Corp. (NASDAQ: SNDK): fell by 9.07% or $-4.54/share to $45.51. In the past year, the shares have traded as low as $32.24 and as high as $53.46. On average, 5495530 shares of SNDK exchange hands on a given day and today's volume is recorded at 15601056. 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 $48.28 area where the stock may encounter resistance.

Acuity Brands, Inc. (NYSE: AYI): fell by 8.97% or $-5.71/share to $57.94. In the past year, the shares have traded as low as $33.13 and as high as $64.82. On average, 323565 shares of AYI exchange hands on a given day and today's volume is recorded at 1255452. 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 $62.43 represents resistance and the 200-day moving average of $52.44 would be an area of support.

WebMD Health Corp. (NASDAQ: WBMD): fell by 8.87% or $-2.28/share to $23.43. In the past year, the shares have traded as low as $24.51 and as high as $58.55. On average, 1003960 shares of WBMD exchange hands on a given day and today's volume is recorded at 1721836. 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 $25.70 area but be careful because the stock may face selling pressure at this level.

Africa Oil Corp. (CVE: AOI): fell by 7.92% or $-0.3/share to $3.49. In the past year, the shares have traded as low as $1.10 and as high as $4.49. On average, 863003 shares of AOI.V exchange hands on a given day and today's volume is recorded at 911201. 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 $2.46 area where the stock will likely see buying pressure.