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Friday, November 11, 2011

Stocks in the Dog House: (BRLI), (QUAD), (NKA), (NOAH), (INCY)

Stocks falling to new 52 week lows on November 11 are Bio-Reference Laboratories Inc, Quad/Graphics, Inc, Niska Gas Storage Partners LLC, Noah Holdings Limited, and Incyte Corporation. 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 Bio-Reference Laboratories Inc. (BRLI) fell by 28.4% or $-4.62/share to $11.65. In the past year, the shares have traded as low as $15.75 and as high as $25.99. On average, 297830 shares of BRLI exchange hands on a given day and today's volume is recorded at 3349227. 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 $18.78 area but be careful because the stock may face selling pressure at this level.

Shares of Quad/Graphics, Inc. (QUAD) fell by 7.55% or $-1.04/share to $12.73. In the past year, the shares have traded as low as $13.70 and as high as $44.68. On average, 193620 shares of QUAD exchange hands on a given day and today's volume is recorded at 351232. 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 $18.66 area but be careful because the stock may face selling pressure at this level.

Shares of Niska Gas Storage Partners LLC (NKA) fell by 0.82% or $-0.08/share to $9.72. In the past year, the shares have traded as low as $9.75 and as high as $20.69. On average, 210950 shares of NKA exchange hands on a given day and today's volume is recorded at 174043. 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 $11.45 area but be careful because the stock may face selling pressure at this level.

Shares of Noah Holdings Limited (NOAH) fell by 0.94% or $-0.07/share to $7.39. In the past year, the shares have traded as low as $7.33 and as high as $20.68. On average, 88250 shares of NOAH exchange hands on a given day and today's volume is recorded at 43035. 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 $9.52 area but be careful because the stock may face selling pressure at this level.

Shares of Incyte Corporation (INCY) fell by 1.17% or $-0.15/share to $12.64. In the past year, the shares have traded as low as $12.58 and as high as $21.15. On average, 1579890 shares of INCY exchange hands on a given day and today's volume is recorded at 1864863. 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 $14.44 area but be careful because the stock may face selling pressure at this level.