Akamai Technologies, Inc. (AKAM): Shares are trading at $34.96. These shares have an RSI of about 19, which indicates the shares are very oversold. AKAM is a leading Internet service company that helps accelerate and deliver website content. It reported earnings that disappointed the market; the shares then fell further with the markets. The 50-day moving average is $44.04 and the 200-day moving average is $46.24. Earnings estimates for AKAM are just over $1.60 per share in 2011 and $1.83 for 2012.
MGM Resorts (MGM): Shares are trading at $12.33. These shares have an RSI of about 29, which indicates the shares are oversold. MGM is a major hotel and casino company based in Las Vegas. The 50-day moving average is $14.75 and the 200-day moving average is $12.30. Earnings estimates for MGM are for a loss of about 62 cents per share in 2011.
Cisco Systems, Inc. (CSCO): Shares are trading at $17.05. The RSI is 19, which indicates the stock is very oversold. Cisco is a premier networking hardware company that saw its shares fall on earnings results. The shares currently trade well below the 50-day moving average of $19.86 and the 200-day moving average of $21.36. Cisco has announced plans to pay a dividend in 2011, which could be a catalyst for these shares. CSCO now trades for about 10 times earnings which I think is a long term bargain.
Dry Ships (DRYS): Shares are trading at $4.50. These shares have an RSI of 28, which indicates the shares are oversold. Dry Ships operates drybulk ships and drilling rigs. The stock has dropped from about $5 per share. The 50-day moving average is $5.02 and the 200-day moving average is $4.71. The earnings estimates for DRYS are 91 cents for 2011.
Goldman Sachs Group, Inc., (GS): Shares are trading at $154.38. These shares have an RSI of about 32, which indicates the shares are oversold. Goldman Sachs is a major investment banking company based in New York. The 50-day moving average is about $165.20 and the 200-day moving average is $154.55. Earnings estimates for GS are $16.84 per share in 2011.
Nutrisystems, Inc. (NTRI): Shares are trading at $13.19. These shares have an RSI of about 29, which indicates the shares are oversold. Nutrisystems provides weight-loss plans. The 50-day moving average is $17.75 and the 200-day moving average is $19.41. Earnings estimates for NTRI are 46 cents per share in 2011.
Finisar Corp. (FNSR): Shares are trading at $22.88. These shares have an RSI of about 25, which indicates the shares are very oversold. Finisar manufactures networking equipment. The 50-day moving average is $35.06 and the 200-day moving average is $22.46. Earnings estimates for FNSR are $1.55 per share in 2011.
The data is sourced from Yahoo Finance. The information and data are believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes.
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