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Monday, May 14, 2012

Selling Overdone In These Names: (QRE), (PSSI), (FOSL), (RKT), (MINI)

On May 14, these stocks were spotted as oversold: QR Energy, LP, PSS World Medical Inc, Fossil, Inc, Rock-Tenn Co, and Mobile Mini, 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 QR Energy, LP (QRE) fell by 1.48% or $-0.26/share to $17.29. In the past year, the shares have traded as low as $14.61 and as high as $23.29. On average, 528940 shares of QRE exchange hands on a given day and today's volume is recorded at 320252.

Shares of PSS World Medical Inc (PSSI) fell by 3.15% or $-0.65/share to $19.98. In the past year, the shares have traded as low as $18.51 and as high as $29.47. On average, 565830 shares of PSSI exchange hands on a given day and today's volume is recorded at 828679.

Shares of Fossil, Inc (FOSL) fell by 0.97% or $-0.76/share to $77.79. In the past year, the shares have traded as low as $69.57 and as high as $139.21. On average, 1711930 shares of FOSL exchange hands on a given day and today's volume is recorded at 820733.

Shares of Rock-Tenn Co (RKT) fell by 1.44% or $-0.82/share to $56.16. In the past year, the shares have traded as low as $43.19 and as high as $77.60. On average, 802030 shares of RKT exchange hands on a given day and today's volume is recorded at 293395.

Shares of Mobile Mini, Inc (MINI) fell by 1.05% or $-0.16/share to $15.14. In the past year, the shares have traded as low as $14.97 and as high as $23.08. On average, 175770 shares of MINI exchange hands on a given day and today's volume is recorded at 86439.