GREY:SXRZF - Post by User
Post by
PUNJABIon May 15, 2012 2:59pm
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Post# 19911720
Too many 52 week lows
Too many 52 week lows My 52 week low window is running constantly. Too many stocks hitting new 52 week low in different sectors. Surprising U stock are not even close. The basket case seems to be PDN which is getting close. It is today trading at $1.18 its 52 week low is $1.07. There could be some micro U stocks that my have hit 52 week low.
Grand Daddy of U stocks CCO is taking a beating again trading at $20.20 down by $.93 for the day. The biggest U ETF URA has taken a big beating also just few months ago it was getting close to $11 today it is trading at $7.47 its 52 week low is $7.06. Most of this year gains have been wiped out. URA & most U stocks are still up for this year while theTMX is down for the year. Because of so many new 52 week lows TMX is piercing through its major support. Gold stocks are putting the most pressure. Too many 52 week lows means lot of pain for those shareholders.
The selling is still very orderly but very constant. It is eroding the value of investors portfolios.
UUU is quitely sitting at its support line for now. This morning it popped a little but was forced down by market conditions.
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