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Wednesday, July 3, 2013

Top Losers: (NASDAQ: LINE), (NYSE: MJN), (NASDAQ: OSTK), (NYSE: ALDW), (NYSE: ARP)

NASDAQ (NASDAQ: LINE): fell by 10.16% or $-2.749/share to $24.30. 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 10932600. 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.

NYSE (NYSE: MJN): fell by 8.96% or $-6.71/share to $68.19. In the past year, the shares have traded as low as $61.27 and as high as $86.87. On average, 1461610 shares of MJN exchange hands on a given day and today's volume is recorded at 7542690. 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 $76.12 area where the stock may encounter resistance.

NASDAQ (NASDAQ: OSTK): fell by 8.81% or $-2.63/share to $27.22. In the past year, the shares have traded as low as $5.57 and as high as $19.25. On average, 197506 shares of OSTK exchange hands on a given day and today's volume is recorded at 370359. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $13.4751 area.

NYSE (NYSE: ALDW): fell by 8.17% or $-1.78/share to $20.00. In the past year, the shares have traded as low as $16.84 and as high as $29.12. On average, 306219 shares of ALDW exchange hands on a given day and today's volume is recorded at 503254. 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 $24.48 area but be careful because the stock may face selling pressure at this level.

NYSE (NYSE: ARP): fell by 7.86% or $-1.69/share to $19.81. In the past year, the shares have traded as low as $20.68 and as high as $28.06. On average, 423205 shares of ARP exchange hands on a given day and today's volume is recorded at 2377140. 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 $22.76 area but be careful because the stock may face selling pressure at this level.