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Wednesday, May 16, 2012

Stocks at 52 Week Lows: (AMBO), (CLWR), (NBG), (WHZ), (GBG)

Stocks falling to new 52 week lows on May 16 are Ambow Education Holding Ltd, Clearwire Corporation, National Bank of Greece SA, Whiting USA Trust II, and Great Basin Gold Ltd. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.

Shares of Ambow Education Holding Ltd. (AMBO) fell by 24.29% or $-1.37/share to $4.27. In the past year, the shares have traded as low as $4.56 and as high as $8.15. On average, 77720 shares of AMBO exchange hands on a given day and today's volume is recorded at 234380. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $6.85 area where the stock may encounter resistance.

Shares of Clearwire Corporation (CLWR) fell by 6.09% or $-0.07/share to $1.12. In the past year, the shares have traded as low as $1.17 and as high as $4.78. On average, 15682270 shares of CLWR exchange hands on a given day and today's volume is recorded at 7716608. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $1.90 area but be careful because the stock may face selling pressure at this level.

Shares of National Bank of Greece SA (NBG) fell by 12.79% or $-0.22/share to $1.5. In the past year, the shares have traded as low as $1.64 and as high as $7.65. On average, 1063460 shares of NBG exchange hands on a given day and today's volume is recorded at 1954667. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $2.57 area but be careful because the stock may face selling pressure at this level.

Shares of Whiting USA Trust II (WHZ) fell by 5.18% or $-1.12/share to $20.5. In the past year, the shares have traded as low as $21.00 and as high as $24.64. On average, 470290 shares of WHZ exchange hands on a given day and today's volume is recorded at 430511. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $23.08 area but be careful because the stock may face selling pressure at this level.

Shares of Great Basin Gold Ltd. (GBG) fell by 9.11% or $-0.05/share to $0.51. In the past year, the shares have traded as low as $0.54 and as high as $2.38. On average, 1814310 shares of GBG exchange hands on a given day and today's volume is recorded at 1104067. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $0.70 area but be careful because the stock may face selling pressure at this level.