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Monday, October 10, 2011

Stocks at 52 Week Lows: (NBG), (BMC), (S), (SPN), (ICLR)

Stocks falling to new 52 week lows on October 10 are National Bank of Greece SA, BMC Software Inc, Sprint Nextel Corp, Superior Energy Services Inc, and ICON plc. 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 National Bank of Greece SA (NBG) fell by 5.08% or $-0.03/share to $0.57. In the past year, the shares have traded as low as $0.57 and as high as $2.72. On average, 3915330 shares of NBG exchange hands on a given day and today's volume is recorded at 1955799. 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 $0.93 area but be careful because the stock may face selling pressure at this level.

Shares of BMC Software Inc. (BMC) fell by 0.92% or $-0.34/share to $36.64. In the past year, the shares have traded as low as $36.61 and as high as $56.55. On average, 2648260 shares of BMC exchange hands on a given day and today's volume is recorded at 3188352. 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 $39.91 area but be careful because the stock may face selling pressure at this level.

Shares of Sprint Nextel Corp. (S) fell by 8.71% or $-0.21/share to $2.2. In the past year, the shares have traded as low as $2.25 and as high as $6.45. On average, 68634680 shares of S exchange hands on a given day and today's volume is recorded at 134644480. 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 $3.38 area but be careful because the stock may face selling pressure at this level.

Shares of Superior Energy Services Inc. (SPN) fell by 16.45% or $-4.51/share to $22.9. In the past year, the shares have traded as low as $22.64 and as high as $42.87. On average, 1044960 shares of SPN exchange hands on a given day and today's volume is recorded at 13530721. 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 $33.07 area but be careful because the stock may face selling pressure at this level.

Shares of ICON plc (ICLR) traded higher by 0.19% or $0.03/share to $15.45. In the past year, the shares have traded as low as $15.40 and as high as $26.22. On average, 366740 shares of ICLR exchange hands on a given day and today's volume is recorded at 465810. 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 $18.79 area but be careful because the stock may face selling pressure at this level.