Top Losers in Services Sector Are BNHNA, GLUU, CXW, DHX, NXST Reports InvestorCentral.Us
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EMAILWIRE.COM, May 16, 2011 ) New York, NY -- Shares of Benihana Inc. (NASDAQ: BNHNA) fell by 9.6% or $-0.97/share to $9.13. In the past year, the shares have traded as low as $4.82 and as high as $10.57. On average, 20332 shares of BNHNA exchange hands on a given day and today's volume is recorded at 97350. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momemtum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $9.01 area where the stock will likely see buying pressure.
Shares of Glu Mobile Inc. (NGM: GLUU) fell by 8.36% or $-0.31/share to $3.4. In the past year, the shares have traded as low as $1.02 and as high as $5.08. On average, 1929280 shares of GLUU exchange hands on a given day and today's volume is recorded at 1385278. 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 $3.97 represents resistance and the 200-day moving average of $3.02 would be an area of support.
Shares of Corrections Corp. of (NYSE: CXW) fell by 6.62% or $-1.72/share to $24.27. In the past year, the shares have traded as low as $18.19 and as high as $26.89. On average, 760856 shares of CXW exchange hands on a given day and today's volume is recorded at 1246449. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momemtum. 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 $24.53 area but be careful because the stock may face selling pressure at this level.
Shares of DICE HOLDINGS, INC. (NYSE: DHX) fell by 7.72% or $-1.2999/share to $15.5401. In the past year, the shares have traded as low as $6.12 and as high as $18.75. On average, 503684 shares of DHX exchange hands on a given day and today's volume is recorded at 693703. 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 $16.46 represents resistance and the 200-day moving average of $13.94 would be an area of support.
Shares of Nexstar Broadcasting (NGM: NXST) fell by 6.77% or $-0.5296/share to $7.2904. In the past year, the shares have traded as low as $3.64 and as high as $9.26. On average, 43870 shares of NXST exchange hands on a given day and today's volume is recorded at 13559. 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 $7.88 represents resistance and the 200-day moving average of $6.36 would be an area of support.
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