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Wednesday, May 30, 2012

These Stocks Are Oversold: (PWE), (JE), (CTCM), (MANT), (SMS)

On May 30, these stocks were spotted as oversold: Penn West Petroleum Ltd, Just Energy Group Inc, CTC Media, Inc, ManTech International Corporation, and Sims Metal Management 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 Penn West Petroleum Ltd (PWE) fell by 4.28% or $-0.59/share to $13.2. In the past year, the shares have traded as low as $12.12 and as high as $24.67. On average, 1834270 shares of PWE exchange hands on a given day and today's volume is recorded at 1231011.

Shares of Just Energy Group Inc (JE) fell by 2.26% or $-0.25/share to $10.82. In the past year, the shares have traded as low as $8.55 and as high as $15.03. On average, 85290 shares of JE exchange hands on a given day and today's volume is recorded at 41815.

Shares of CTC Media, Inc (CTCM) fell by 4.26% or $-0.40/share to $8.99. In the past year, the shares have traded as low as $7.76 and as high as $21.29. On average, 502330 shares of CTCM exchange hands on a given day and today's volume is recorded at 833096.

Shares of ManTech International Corporation (MANT) fell by 2.06% or $-0.46/share to $21.82. In the past year, the shares have traded as low as $21.72 and as high as $45.40. On average, 275780 shares of MANT exchange hands on a given day and today's volume is recorded at 73684.

Shares of Sims Metal Management Limited (SMS) fell by 2.19% or $-0.24/share to $10.73. In the past year, the shares have traded as low as $10.55 and as high as $19.01. On average, 69980 shares of SMS exchange hands on a given day and today's volume is recorded at 39208.