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Monday, April 23, 2012

Overselling Alert: (ERF), (INFY), (EDMC), (RMBS), (XG)

On April 23, these stocks were spotted as oversold: Enerplus Corporation, Infosys Ltd, Education Management Corporation, Rambus Inc, and Extorre Gold Mines Limited. 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 Enerplus Corporation (ERF) fell by 1.05% or $-0.19/share to $17.86. In the past year, the shares have traded as low as $17.82 and as high as $30.27. On average, 1413300 shares of ERF exchange hands on a given day and today's volume is recorded at 1231748.

Shares of Infosys Ltd (INFY) fell by 2.55% or $-1.19/share to $45.46. In the past year, the shares have traded as low as $45.86 and as high as $68.15. On average, 1881020 shares of INFY exchange hands on a given day and today's volume is recorded at 1733672.

Shares of Education Management Corporation (EDMC) remained unchanged at $12.07. In the past year, the shares have traded as low as $11.92 and as high as $29.90. On average, 216960 shares of EDMC exchange hands on a given day and today's volume is recorded at 89758.

Shares of Rambus Inc (RMBS) fell by 7.35% or $-0.36/share to $4.54. In the past year, the shares have traded as low as $4.00 and as high as $21.69. On average, 1225810 shares of RMBS exchange hands on a given day and today's volume is recorded at 2014682.

Shares of Extorre Gold Mines Limited (XG) fell by 3.87% or $-0.17/share to $4.17. In the past year, the shares have traded as low as $4.15 and as high as $15.41. On average, 129250 shares of XG exchange hands on a given day and today's volume is recorded at 142131.