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Tuesday, July 2, 2013

Abnormal Price Movement Encountered In (NASDAQ: LNCO)

NASDAQ (NASDAQ: LNCO): fell by 15.03% or $-5.57/share to $31.50. In the past year, the shares have traded as low as $35.15 and as high as $41.97. On average, 721348 shares of LNCO exchange hands on a given day and today's volume is recorded at 2759466. 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 $38.54 area where the stock may encounter resistance.