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Sunday, December 4, 2011

(VLCCF), (RT), (TI), (VHS), (RYL) buy or sell ?

(VLCCF), (RT), (TI), (VHS), (RYL)

These stocks, Knightsbridge Tankers Limited, Ruby Tuesday, Inc, Telecom Italia SpA, Vanguard Health Systems Inc, and Ryland Group Inc, have been showing double bottom patterns on December 4. The double bottom pattern is found at the lowest point of an downward trend. This signals that the downward trend is weakening and that buyers are gaining interest. The start of the pattern is a new low during the downward trend and after this point it finds support which stops the stock from falling further. Once it has found support, it rises to a new resistance level. This sequence happens again and when the stock reaches its support level it will rise to the resistance level again, thus starting an uptrend. The stock needs to break out from the support level so it can rise further. High volume will validate a breakout. Investors should pay specific attention to the support and resistance levels, which will help them determine when to buy or sell the stock.

Shares of Knightsbridge Tankers Limited (VLCCF) traded higher by 4.00% or $0.60/share to $15.6. In the past year, the shares have traded as low as $14.62 and as high as $23.90. On average, 137250 shares of VLCCF exchange hands on a given day and today's volume is recorded at 125730.
CARBO Ceramics (NYSE:CRR) is highest with an operating margin of 33.6%. CARBO Ceramics Inc. produces and supplies ceramic proppants for use in the oil and gas industry. The Company also provides foundry metal casting, and industrial mineral grinding. Carbo has manufacturing plants located worldwide.
There is potential upside of 35.3% for shares of CARBO Ceramics based on a current price of $135.22 and an average consensus analyst price target of $183.00. The stock should hit resistance at its 200-day moving average (MA) of $140.59, as well as support at its 50-day MA of $129.97.
Following is OYO Geospace (NASDAQ:OYOG) with an operating margin of 29.1%. OYO Geospace has traded 16,000 shares thus far today, vs. average volume of 28,000 shares per day. The stock has underperformed the Dow (-1.2% to the Dow's 0.6%) and underperformed the S&P 500 (-1.2% to the S&P's 0.7%) during today's trading.
Finishing up the top three is RPC (NYSE:RES), with an operating margin of 27.6%.
Over the past year, RPC has traded in a range of $14.21 to $29.05 and is now at $18.30, 29% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%
Shares of Ruby Tuesday, Inc (RT) traded higher by 1.80% or $0.13/share to $7.36. In the past year, the shares have traded as low as $6.35 and as high as $15.57. On average, 583870 shares of RT exchange hands on a given day and today's volume is recorded at 320695.
A BlackBerry is displayed at a Research in Motion (RIM) function in New Delhi in August 2011. Research In Motion shares plunged Friday as the struggling BlackBerry maker said it will not meet its annual earnings target and it is taking a $485 million charge because of weak sales of the PlayBook tablet computer.
Research In Motion shares plunged Friday as the struggling BlackBerry maker said it will not meet its annual earnings target and it is taking a $485 million charge because of weak sales of the PlayBook tablet computer
Shares of Telecom Italia SpA (TI) fell by 0.62% or $-0.07/share to $11.24. In the past year, the shares have traded as low as $9.74 and as high as $15.20. On average, 510060 shares of TI exchange hands on a given day and today's volume is recorded at 399657.

Shares of Vanguard Health Systems Inc (VHS) fell by 5.39% or $-0.57/share to $10.0. In the past year, the shares have traded as low as $8.61 and as high as $18.58. On average, 414310 shares of VHS exchange hands on a given day and today's volume is recorded at 395205.

Shares of Ryland Group Inc (RYL) traded higher by 0.26% or $0.04/share to $15.24. In the past year, the shares have traded as low as $9.12 and as high as $19.16. On average, 1481830 shares of RYL exchange hands on a given day and today's volume is recorded at 940319.



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