15 Bearish Momentum, High Beta Basic Materials Stocks Going Down
Contextuall | Nov 23, 2012 02:13AM ET
Recent Performance of the Stocks Mentioned Below:
Average 1-Week Return: -0.15%
Average 1-Month Return: -19.42%
Average 1-Year Return: -42.71%
1. Arch Coal Inc. (ACI). Engages in the production and sale of steam and metallurgical coal from surface and underground mines located throughout the United States As of December 31, 2010, it operated or contracted out the operation of 23 active mines; and owned or controlled approximately 4. Beta at 1.76. Stock trading -13.6% below the 20-day SMA, -10.22% below the 50-day SMA, and -21.96% below the 200-day SMA.
2. AK Steel Holding Corporation (AKS). Produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. Beta at 2.56. Stock trading -22.67% below the 20-day SMA, -26.57% below the 50-day SMA, and -38.82% below the 200-day SMA.
3. Cameco Corp. (CCJ). Operates as a uranium producer, supplier of conversion services, and fuel manufacturer. Beta at 1.54. Stock trading -6.46% below the 20-day SMA, -13.15% below the 50-day SMA, and -19.96% below the 200-day SMA.
4. Cliffs Natural Resources Inc. (CLF). Produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. Beta at 2.37. Stock trading -15.28% below the 20-day SMA, -20.46% below the 50-day SMA, and -37.49% below the 200-day SMA.
5. Canadian Natural Resources Limited (CNQ). Engages in the exploration, development, production, marketing, and sale of crude oil, natural gas liquids, and natural gas. Beta at 1.59. Stock trading -5.16% below the 20-day SMA, -10.44% below the 50-day SMA, and -11.34% below the 200-day SMA.
6. Forest Oil Corp. (FST). Engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America. Beta at 1.53. Stock trading -9.13% below the 20-day SMA, -18.23% below the 50-day SMA, and -29.65% below the 200-day SMA.
7. Key Energy Services Inc. (KEG). Operates as an onshore rig-based well servicing contractor. Beta at 2.4. Stock trading -2.4% below the 20-day SMA, -13.38% below the 50-day SMA, and -41.02% below the 200-day SMA.
8. Quicksilver Resources Inc. (KWK). Engages in the exploration, development, and production of unconventional natural gas onshore in North America. Beta at 1.66. Stock trading -8.98% below the 20-day SMA, -21.66% below the 50-day SMA, and -30.68% below the 200-day SMA.
9. Mechel OAO (MTL). Operates as a mining and steel company in the Russian Federation and internationally. Beta at 2.86. Stock trading -4.42% below the 20-day SMA, -10.71% below the 50-day SMA, and -18.82% below the 200-day SMA.
10. SandRidge Energy, Inc. (SD). Operates as an independent natural gas and oil company in the United States. Beta at 2.11. Stock trading -6.08% below the 20-day SMA, -16.42% below the 50-day SMA, and -19.27% below the 200-day SMA.
11. Companhia Siderurgica Nacional (SID). Operates as an integrated steel producer in Brazil and Latin America. Beta at 1.77. Stock trading -8.35% below the 20-day SMA, -13.11% below the 50-day SMA, and -28.73% below the 200-day SMA.
12. Talisman Energy Inc. (TLM). Engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. Beta at 1.51. Stock trading -3.22% below the 20-day SMA, -13.34% below the 50-day SMA, and -10.18% below the 200-day SMA.
13. Turquoise Hill Resources Ltd. (TRQ). Beta at 1.82. Stock trading -11.34% below the 20-day SMA, -15.6% below the 50-day SMA, and -34.5% below the 200-day SMA.
14. Weatherford International Ltd. (WFT). Provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells to independent oil and natural gas producing companies worldwide. Beta at 1.82. Stock trading -9.88% below the 20-day SMA, -18.59% below the 50-day SMA, and -27.61% below the 200-day SMA.
15. Walter Energy, Inc. (WLT). Produces and exports metallurgical coal for the steel industry primarily in the United States. Beta at 1.83. Stock trading -15.23% below the 20-day SMA, -16.74% below the 50-day SMA, and -38.69% below the 200-day SMA.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.