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Tuesday, April 24, 2012

These Stocks Are Oversold: (PAM), (ERF), (NOK), (INFY), (RBA)

On April 24, these stocks were spotted as oversold: Pampa Energia SA, Enerplus Corporation, Nokia Corporation, Infosys Ltd, and Ritchie Bros. Auctioneers Incorporated. 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 Pampa Energia SA (PAM) traded higher by 0.28% or $0.02/share to $7.06. In the past year, the shares have traded as low as $6.97 and as high as $16.02. On average, 85070 shares of PAM exchange hands on a given day and today's volume is recorded at 11799.

Shares of Enerplus Corporation (ERF) fell by 0.28% or $-0.05/share to $17.78. In the past year, the shares have traded as low as $17.58 and as high as $30.26. On average, 1414870 shares of ERF exchange hands on a given day and today's volume is recorded at 1236889.

Shares of Nokia Corporation (NOK) traded higher by 0.82% or $0.03/share to $3.68. In the past year, the shares have traded as low as $3.60 and as high as $8.87. On average, 38182660 shares of NOK exchange hands on a given day and today's volume is recorded at 28257448.

Shares of Infosys Ltd (INFY) traded higher by 0.36% or $0.16/share to $45.83. In the past year, the shares have traded as low as $44.46 and as high as $68.16. On average, 1892270 shares of INFY exchange hands on a given day and today's volume is recorded at 1201131.

Shares of Ritchie Bros. Auctioneers Incorporated (RBA) remained unchanged at $20.48. In the past year, the shares have traded as low as $17.71 and as high as $31.15. On average, 414360 shares of RBA exchange hands on a given day and today's volume is recorded at 562770.