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Thursday, July 21, 2011

Selling May be Overdone: (LCC), (SMI)

On July 21, these stocks were spotted as oversold: US Airways Group, Inc, and Semiconductor Manufacturing International Corp. 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 US Airways Group, Inc (LCC) fell by 2.17% or $-0.15/share to $6.75. In the past year, the shares have traded as low as $6.79 and as high as $12.26. On average, 6466600 shares of LCC exchange hands on a given day and today's volume is recorded at 4023771.

Shares of Semiconductor Manufacturing International Corp (SMI) fell by 1.93% or $-0.06/share to $3.05. In the past year, the shares have traded as low as $3.08 and as high as $5.78. On average, 228150 shares of SMI exchange hands on a given day and today's volume is recorded at 84623.