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

Tuesday, May 1, 2012

Time To Buy These Oversold Stocks?: (AH), (LEAP), (PBY), (COP), (CELL)

On May 1, these stocks were spotted as oversold: Accretive Health, Inc, Leap Wireless International Inc, Pep Boys - Manny, Moe & Jack, ConocoPhillips, and Brightpoint 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 Accretive Health, Inc (AH) fell by 6.26% or $-0.63/share to $9.43. In the past year, the shares have traded as low as $9.10 and as high as $32.82. On average, 777290 shares of AH exchange hands on a given day and today's volume is recorded at 1217986.

Shares of Leap Wireless International Inc (LEAP) fell by 2.14% or $-0.12/share to $5.49. In the past year, the shares have traded as low as $5.50 and as high as $17.66. On average, 1649190 shares of LEAP exchange hands on a given day and today's volume is recorded at 1893546.

Shares of Pep Boys - Manny, Moe & Jack (PBY) fell by 24.61% or $-3.68/share to $11.26. In the past year, the shares have traded as low as $8.14 and as high as $15.47. On average, 963420 shares of PBY exchange hands on a given day and today's volume is recorded at 9482335.

Shares of ConocoPhillips (COP) fell by 21.01% or $-15.05/share to $56.58. In the past year, the shares have traded as low as $57.56 and as high as $78.29. On average, 9417770 shares of COP exchange hands on a given day and today's volume is recorded at 8555804.

Shares of Brightpoint Inc (CELL) fell by 0.15% or $-0.01/share to $6.11. In the past year, the shares have traded as low as $6.01 and as high as $12.05. On average, 693690 shares of CELL exchange hands on a given day and today's volume is recorded at 320343.