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Thursday, January 5, 2012

Top Losers: (NYSE: BKS), (NYSE: AEO), (NASDAQ: GSM), (NYSE: PCS), (NYSE: PRIS)

Barnes & Noble, Inc. (NYSE: BKS): fell by 23.62% or $-3.2/share to $10.35. In the past year, the shares have traded as low as $10.30 and as high as $18.73. On average, 1356150 shares of BKS exchange hands on a given day and today's volume is recorded at 8658918. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $13.87 area where the stock may encounter resistance.

American Eagle Outfitters, Inc. (NYSE: AEO): fell by 10.92% or $-1.655/share to $13.50. In the past year, the shares have traded as low as $10.00 and as high as $16.37. On average, 3935290 shares of AEO exchange hands on a given day and today's volume is recorded at 13375193. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $14.40 represents resistance and the 200-day moving average of $12.88 would be an area of support.

Globe Specialty Metals, Inc. (NASDAQ: GSM): fell by 10.14% or $-1.405/share to $12.44. In the past year, the shares have traded as low as $12.44 and as high as $25.67. On average, 718743 shares of GSM exchange hands on a given day and today's volume is recorded at 1463552. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $13.85 area but be careful because the stock may face selling pressure at this level.

MetroPCS Communications, Inc. (NYSE: PCS): fell by 8.99% or $-0.7899/share to $8.00. In the past year, the shares have traded as low as $7.51 and as high as $18.79. On average, 4715680 shares of PCS exchange hands on a given day and today's volume is recorded at 5917068. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $8.29 area but be careful because the stock may face selling pressure at this level.

Grupo Prisa SA (NYSE: PRIS): fell by 8.43% or $-0.3608/share to $3.92. In the past year, the shares have traded as low as $3.64 and as high as $13.11. On average, 27986 shares of PRIS exchange hands on a given day and today's volume is recorded at 27518. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.52 area but be careful because the stock may face selling pressure at this level.