FreeSeas Inc.(NASDAQ:FREE) down by 16.26%, The Dolan Co. (NYSE:DM)

Posted by Lynn Eisler May 20, 2013 0 Comment 675 views


Miami, FL 05/20/2013 (GDPInsider) – FreeSeas Inc.(NASDAQ:FREE) is down by whopping 16.26% representing a decline of $0.134 from its Friday’s close of $0.82 and is now trading close to $0.690, with about 0.793 million shares traded during the day. At the current levels the stock is almost 91.68% off its 52-week high of $8.85 and 23.37% above its 52-week low of $0.60. The relative strength index of the stock calculated over a period of 14 days is currently at 38.33 which reflect that the stock is heading towards an oversold zone, thus we can expect the stock to bounce back after getting a support at some key levels. The stock is trading below its short and long moving average of 50 days and 200 days respectively, a sign of pessimism. The stock is 35.38% below its 50 days SMA and 61.12% below its 200 days SMA. It is also trading below its short term 20 days SMA by about 17.76%.

How Should Investors Trade FREE Now? Get the latest trends and data here.

The Dolan Co. (NYSE:DM) is down by whopping 2.86% representing a decline of $0.05 from its Friday’s close of $1.75 and is now trading close to $1.71, with about 0.110 million  shares traded during the day. At the current levels the stock is almost 79.29% off its 52-week high of $8.21 and 9.68% above its 52-week low of $1.55. The relative strength index of the stock calculated over a period of 14 days is currently at 35.93 which reflect that the stock is heading towards an oversold zone, thus we can expect the stock to bounce back after getting a support at some key levels. The stock is trading below its short and long moving average of 50 days and 200 days respectively, a sign of pessimism. The stock is 18.38% below its 50 days SMA and 52.13% below its 200 days SMA. It is also trading below its short term 20 days SMA by about 8.55%.

Is DM a solid investment at these levels? Get valuable updates and exclusive insights here.

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About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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