3 Stocks Trading Below 20-Day SMA: Molycorp Inc (MCP), ChannelAdvisor Corp (ECOM), And Ocwen Financial Corp (OCN)

Posted by George Brook January 28, 2015 0 Comment 893 views

New York, NY – GDP INSIDER  – 01/28/2015.

Molycorp Inc (NYSE:MCP) closed yesterday’s session at $0.359, after gaining 2.63%. However, despite the gain, the stock still trades 41.34% below its 20-Day SMA. Investors exchanged 4.3 million shares of MCP during yesterday’s session, a volume that was relatively large, but fell below the average daily volume of 4.76 million shares. MCP traded in the range of $0.33 and $0.36, ending the day 2.34% above the opening price and 93.61% below the 52-week high.

Molycorp Inc (NYSE:MCP) was downgraded to “Neutral” from “Buy” by analysts at DA Davidson. The analysts cited that the stock is a major concern.

The company was recently said to have hired an advisor to help it restructure its debt. Analysts are worried about the possible consequences of continued cash burn in MCP.

Could Molycorp Inc Reverse From Here Or Will Momentum Continue? Get A Hint As To What’s Coming Next With A Free Trend Analysis Report

ChannelAdvisor Corp (NYSE:ECOM) saw its shares trending down 4.02% to $9.56. The loss pushed the stock further down below its 20-Day SMA. ECOM ended the session 40.02% below its 20-DAY SMA. Investors exchanged 301,191 shares compared to average daily volume of 781,573. The stock traded in the range of $9.47 to $9.81 to close 1.75% below the opening price and 80.84% below the 52-week high.

Sales at ChannelAdvisor Corp (NYSE:ECOM) increased 26.50% sequentially in the most recent quarter. Insiders own 1.5% of ECOM, according to the latest disclosure.

Could ChannelAdvisor Corp Continue To Fall Or Will We Find Support In The Near Future? See What Is In The Cards For ECOM With A Complementary Trend Analysis.

Ocwen Financial Corp (NYSE:OCN) traded south 3.47% to end the session at $6.67, a price that put the stock 39.42% below its 20-Day SMA. The shares of OCN traded in the range of $6.61 to $7.00 on the day, which was characterized by low volume. The stock opened at $6.82, but ended the session 2.20% below that mark.

Ocwen Financial Corp (NYSE:OCN) recently agreed to pay $2.5 million in a mortgage settlement agreement with a Californian regulatory agency. The company is fighting efforts by a group of investors to remove it as a servicer of mortgage-backed securities.

Is Ocwen Financial Corp Going To Continue To Lose Value Or Will Things Start To Turn Around? Find Out What’s Next For OCN With A Free Trend Analysis Report

About HotStockGains

HotStockGains.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word BREAKOUT to 555888 from your cell phone.

Additionally, HotStockGains free newsletter provides market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks.

Disclosure:  HotStockGains is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor (I am not one). Please visit http://hotstockgains.com/disclaimer/ for complete risks and disclosures.

About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

View all post by George Brook Visit author's website

Write Your Comment