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Tuesday, November 22, 2011

Overselling Alert: (NZT), (ITT), (DMND)

On November 22, these stocks were spotted as oversold: Telecom Corp. of New Zealand Ltd, ITT Corporation, and Diamond Foods, Inc. 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 Telecom Corp. of New Zealand Ltd (NZT) fell by 0.69% or $-0.05/share to $7.32. In the past year, the shares have traded as low as $6.61 and as high as $11.45. On average, 503210 shares of NZT exchange hands on a given day and today's volume is recorded at 646046.

Shares of ITT Corporation (ITT) traded higher by 0.05% or $0.01/share to $19.58. In the past year, the shares have traded as low as $16.60 and as high as $125.59. On average, 1575270 shares of ITT exchange hands on a given day and today's volume is recorded at 996519.

Shares of Diamond Foods, Inc (DMND) fell by 0.37% or $-0.13/share to $34.87. In the past year, the shares have traded as low as $34.67 and as high as $96.06. On average, 1053020 shares of DMND exchange hands on a given day and today's volume is recorded at 399349.