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Tuesday, July 2, 2013

Top Losers: (NASDAQ: ACHN), (NASDAQ: LINE), (NASDAQ: LNCO), (NYSE: FMS), (NASDAQ: KIOR)

NASDAQ (NASDAQ: ACHN): fell by 24.04% or $-2.01/share to $6.35. In the past year, the shares have traded as low as $5.42 and as high as $11.36. On average, 1070390 shares of ACHN exchange hands on a given day and today's volume is recorded at 6707885. 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 $8.30 area but be careful because the stock may face selling pressure at this level.

NASDAQ (NASDAQ: LINE): fell by 14.71% or $-4.898/share to $28.39. In the past year, the shares have traded as low as $34.27 and as high as $42.57. On average, 1785780 shares of LINE exchange hands on a given day and today's volume is recorded at 10838203. 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 $37.86 area but be careful because the stock may face selling pressure at this level.

NASDAQ (NASDAQ: LNCO): fell by 11.36% or $-4.21/share to $32.86. 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 1695742. 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.

NYSE (NYSE: FMS): fell by 9.41% or $-3.34/share to $32.16. In the past year, the shares have traded as low as $32.14 and as high as $39.10. On average, 176447 shares of FMS exchange hands on a given day and today's volume is recorded at 805884. 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 $34.44 area where the stock may encounter resistance.

NASDAQ (NASDAQ: KIOR): fell by 8.86% or $-0.48/share to $4.94. In the past year, the shares have traded as low as $3.82 and as high as $11.58. On average, 201934 shares of KIOR exchange hands on a given day and today's volume is recorded at 165216. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $5.85 represents resistance and the 50-day moving average of $4.89 would be an area of support.