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Friday, June 17, 2011

Stocks in the Dog House: (FENG), (CLWR), (HOGS), (TRMD), (LPL)

Stocks falling to new 52 week lows on June 17 are Phoenix New Media Limited Ameri, Clearwire Corporation, Zhongpin, Inc, TORM A/S, and LG Display Co., Ltd. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.

Shares of Phoenix New Media Limited Ameri (FENG) fell by 5.06% or $-0.52/share to $9.75. In the past year, the shares have traded as low as $9.89 and as high as $13.89. On average, 245990 shares of FENG exchange hands on a given day and today's volume is recorded at 72580. 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 $11.83 area but be careful because the stock may face selling pressure at this level.

Shares of Clearwire Corporation (CLWR) fell by 8.68% or $-0.33/share to $3.47. In the past year, the shares have traded as low as $3.64 and as high as $8.82. On average, 5008330 shares of CLWR exchange hands on a given day and today's volume is recorded at 2159173. 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 $4.80 area but be careful because the stock may face selling pressure at this level.

Shares of Zhongpin, Inc. (HOGS) fell by 6.01% or $-0.69/share to $10.79. In the past year, the shares have traded as low as $10.80 and as high as $25.00. On average, 667780 shares of HOGS exchange hands on a given day and today's volume is recorded at 2118466. 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 $15.13 area but be careful because the stock may face selling pressure at this level.

Shares of TORM A/S (TRMD) fell by 6.74% or $-0.29/share to $4.01. In the past year, the shares have traded as low as $4.20 and as high as $8.58. On average, 7100 shares of TRMD exchange hands on a given day and today's volume is recorded at 24265. 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 $5.64 area but be careful because the stock may face selling pressure at this level.

Shares of LG Display Co., Ltd. (LPL) fell by 4.96% or $-0.69/share to $13.21. In the past year, the shares have traded as low as $13.68 and as high as $18.92. On average, 1272290 shares of LPL exchange hands on a given day and today's volume is recorded at 1412694. 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 $16.94 area where the stock may encounter resistance.