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Tuesday, June 21, 2011

These Stocks Are Oversold: (MY), (SID)

On June 21, these stocks were spotted as oversold: China Ming Yang Wind Power Group Limited, and Companhia Siderurgica Nacional. The price of these stocks have fallen sharply to level below their true value. This is interpreted as a sign that the stocks are undervalued and may represent a buying opportunity for investors.

Shares of China Ming Yang Wind Power Group Limited (MY) fell by 0.95% or $-0.05/share to $5.23. In the past year, the shares have traded as low as $5.10 and as high as $14.70. On average, 373850 shares of MY exchange hands on a given day and today's volume is recorded at 85799.

Shares of Companhia Siderurgica Nacional (SID) remained unchanged at $12.11. In the past year, the shares have traded as low as $11.99 and as high as $17.44. On average, 4269620 shares of SID exchange hands on a given day and today's volume is recorded at 1786549.