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Monday, June 24, 2013

Extraordinary Price Movement Observed In (NYSE: WLT)

NYSE (NYSE: WLT): fell by 15.11% or $-1.91/share to $10.73. In the past year, the shares have traded as low as $11.16 and as high as $47.16. On average, 7509800 shares of WLT exchange hands on a given day and today's volume is recorded at 8128799. 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 $16.63 area but be careful because the stock may face selling pressure at this level.