Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, May 14, 2012

Overselling Alert: (INFY), (ERF), (ABH), (BPL), (CEF)

On May 14, these stocks were spotted as oversold: Infosys Ltd, Enerplus Corporation, Resolute Forest Products, Buckeye Partners LP, and Central Fund of Canada 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 Infosys Ltd (INFY) fell by 0.64% or $-0.28/share to $43.45. In the past year, the shares have traded as low as $43.38 and as high as $68.15. On average, 1901900 shares of INFY exchange hands on a given day and today's volume is recorded at 699840.

Shares of Enerplus Corporation (ERF) fell by 3.18% or $-0.51/share to $15.59. In the past year, the shares have traded as low as $16.02 and as high as $29.85. On average, 1617090 shares of ERF exchange hands on a given day and today's volume is recorded at 1955543.

Shares of Resolute Forest Products (ABH) fell by 3.08% or $-0.35/share to $11.0. In the past year, the shares have traded as low as $11.00 and as high as $26.45. On average, 228990 shares of ABH exchange hands on a given day and today's volume is recorded at 197915.

Shares of Buckeye Partners LP (BPL) fell by 0.99% or $-0.50/share to $50.0. In the past year, the shares have traded as low as $50.27 and as high as $64.91. On average, 491120 shares of BPL exchange hands on a given day and today's volume is recorded at 283901.

Shares of Central Fund of Canada Limited (CEF) fell by 2.52% or $-0.50/share to $19.35. In the past year, the shares have traded as low as $18.44 and as high as $26.39. On average, 771380 shares of CEF exchange hands on a given day and today's volume is recorded at 1017741.