Yesterday’s Hot Bearish Movements trading near Oversold Level at Dow Jones

Hewlett-Packard Company (NYSE:HPQ) witnessed the correction 1.56 percent to close at $40.34 in its last trading session. The total traded volume stood at 21.84 million as compared to its average traded volume of 20.13 million shares per day. The stock happens to be trading near its oversold level as per its relative strength index of 35.25 times and have considerable margin for further capital gains. The price to earnings of 10.24 times depicts a more attractive level for investors. Stock prices are likely to move by 1.01 times against one point change in market index.

Intel Corporation (NASDAQ:INTC) declined 1.17 percent to close at $19.49 in its last trading session. Intel remained highly active with traded volume of 69.32 million shares as compared to its average traded volume of 61.31 million shares per day. The stock moved 7.54 percent less than its 50-days simple moving average and is also trading at its extreme oversold level as per relative strength index of 30.02 times. Its market capitalization stood at $106.96 billion in the last trading session where Intel’s total outstanding common stock accumulates up to 5.49 billion as per latest balance sheet.

The Walt Disney Company (NYSE:DIS) plunged 0.51 percent to close at $42.63 on Monday’s trading session. Walt Disney’s traded volume for the stood at 6.84 million shares as compared to its average traded volume of 10.38 million shares per day. The share price is trading at a RSI of 52.98 depicting considerable margin for capital gains. The company maintains the net profit margin of 12.30 percent whereas its return on equity stands at 11.95 percent.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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