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Friday, October 7, 2011

Overselling Alert: (ILMN), (WAIR)

On October 7, these stocks were spotted as oversold: Illumina Inc, and Wesco Aircraft Holdings, Inc. C. 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 Illumina Inc (ILMN) fell by 32.17% or $-12.84/share to $27.08. In the past year, the shares have traded as low as $37.11 and as high as $79.39. On average, 2516710 shares of ILMN exchange hands on a given day and today's volume is recorded at 24344806.

Shares of Wesco Aircraft Holdings, Inc. C (WAIR) fell by 3.95% or $-0.37/share to $9.0. In the past year, the shares have traded as low as $9.25 and as high as $15.25. On average, 456200 shares of WAIR exchange hands on a given day and today's volume is recorded at 290169.