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Tuesday, October 25, 2011

Reaching An Oversold Level (NYSE: MF)

On October 25, these stocks were spotted as oversold: MF Global Holdings Ltd. 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 MF Global Holdings Ltd (MF) fell by 37.04% or $-1.31/share to $2.23. In the past year, the shares have traded as low as $3.47 and as high as $9.26. On average, 3964820 shares of MF exchange hands on a given day and today's volume is recorded at 32441358.