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Wednesday, December 28, 2011

Overselling Alert: (ITT), (PHH), (SHLD), (HGIC)

On December 28, these stocks were spotted as oversold: ITT Corporation, PHH Corporation, Sears Holdings Corporation, and Harleysville Group 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 ITT Corporation (ITT) fell by 2.34% or $-0.47/share to $19.65. In the past year, the shares have traded as low as $16.60 and as high as $125.56. On average, 1920900 shares of ITT exchange hands on a given day and today's volume is recorded at 423745.

Shares of PHH Corporation (PHH) fell by 3.64% or $-0.39/share to $10.2. In the past year, the shares have traded as low as $8.75 and as high as $25.54. On average, 1234790 shares of PHH exchange hands on a given day and today's volume is recorded at 1394632.

Shares of Sears Holdings Corporation (SHLD) traded higher by 2.49% or $0.83/share to $34.21. In the past year, the shares have traded as low as $33.26 and as high as $94.79. On average, 915470 shares of SHLD exchange hands on a given day and today's volume is recorded at 3500669.

Shares of Harleysville Group Inc (HGIC) fell by 1.98% or $-1.16/share to $57.57. In the past year, the shares have traded as low as $24.75 and as high as $59.76. On average, 221540 shares of HGIC exchange hands on a given day and today's volume is recorded at 1953586.