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Monday, April 23, 2012

Time To Buy These Oversold Stocks?: (PLCM), (ABH), (NOK), (NTL)

On April 23, these stocks were spotted as oversold: Polycom, Inc, Resolute Forest Products, Nokia Corporation, and Nortel Inversora S.A. 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 Polycom, Inc (PLCM) fell by 1.53% or $-0.20/share to $12.69. In the past year, the shares have traded as low as $12.51 and as high as $34.29. On average, 3669850 shares of PLCM exchange hands on a given day and today's volume is recorded at 1718038.

Shares of Resolute Forest Products (ABH) fell by 1.61% or $-0.21/share to $12.87. In the past year, the shares have traded as low as $12.87 and as high as $27.46. On average, 295010 shares of ABH exchange hands on a given day and today's volume is recorded at 93013.

Shares of Nokia Corporation (NOK) fell by 1.08% or $-0.04/share to $3.66. In the past year, the shares have traded as low as $3.69 and as high as $8.87. On average, 37860250 shares of NOK exchange hands on a given day and today's volume is recorded at 31991644.

Shares of Nortel Inversora S.A (NTL) fell by 2.67% or $-0.45/share to $16.4. In the past year, the shares have traded as low as $16.80 and as high as $29.41. On average, 17870 shares of NTL exchange hands on a given day and today's volume is recorded at 11004.