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Wednesday, May 16, 2012

Selling Overdone In These Names: (SNP), (RKT), (SANM), (ABFS), (MINI)

On May 16, these stocks were spotted as oversold: China Petroleum & Chemical Corp, Rock-Tenn Co, Sanmina-SCI Corp, Arkansas Best Corporation, 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 China Petroleum & Chemical Corp (SNP) fell by 3.65% or $-3.53/share to $93.2. In the past year, the shares have traded as low as $81.17 and as high as $125.35. On average, 144630 shares of SNP exchange hands on a given day and today's volume is recorded at 86888.

Shares of Rock-Tenn Co (RKT) fell by 0.91% or $-0.51/share to $55.24. In the past year, the shares have traded as low as $43.19 and as high as $77.60. On average, 794250 shares of RKT exchange hands on a given day and today's volume is recorded at 260946.

Shares of Sanmina-SCI Corp (SANM) fell by 1.90% or $-0.14/share to $7.24. In the past year, the shares have traded as low as $6.01 and as high as $12.55. On average, 607470 shares of SANM exchange hands on a given day and today's volume is recorded at 333500.

Shares of Arkansas Best Corporation (ABFS) traded higher by 1.54% or $0.20/share to $13.21. In the past year, the shares have traded as low as $12.99 and as high as $27.27. On average, 334120 shares of ABFS exchange hands on a given day and today's volume is recorded at 205505.

Shares of Mobile Mini, Inc (MINI) fell by 2.85% or $-0.42/share to $14.32. In the past year, the shares have traded as low as $14.51 and as high as $23.08. On average, 180640 shares of MINI exchange hands on a given day and today's volume is recorded at 180836.