Oversold with an Improving RSI – AGC, AVK, BML/PL, CHMT, CJES
by Yvonne Magtibay in Business on Oct 07, 2011
AGC went up 3.01%, to close at $6.16 and its overall traded volume was 185,530.00 shares in the last trading session. AGC opened the day at $6.00, it made an intraday low of $5.94 and an intraday high of $6.17. The stock has a 52 week low of $5.76 and 52 week high of $10.41. AGC’s market capitalization is $192.80M.
AVK percentage change grew 2.79%, to close at $14.00 and its overall traded volume was 92,301.00 shares in the last trading session. AVK opened the day at $13.53, it made an intraday low of $13.53 and an intraday high of $14.00. The stock has a 52 week range of $13.16 – $20.47. AVK’s market capitalization is $330.13M and it has 23.58M outstanding shares. Advent Claymore Convertible Securities and Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 60% of its managed assets in convertible securities and may invest up to 40% in lower grade, non-convertible income securities. The Fund invests in industries, such as banks, pharmaceuticals, insurance, telecommunications , electric, healthcare services, healthcare products, oil and gas, biotechnology and real estate investment trusts. Advent Capital Management, LLC serves as the Fund’s investment adviser.
CHMT moved up 4.86%, to close at $9.70 and its overall traded volume was 1.26M shares in the last trading session. CHMT opened the day at $9.31, it made an intraday low of $9.10 and an intraday high of $9.87. The 52-week range of the stock is $8.49 – $19.37. At current market price, the market capitalization of the company stands at $935.33M and it has 96.43M outstanding shares. Chemtura Corporation (Chemtura) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals. The Company has four segments: Consumer Products, Industrial Performance Products, Chemtura AgroSolutions and Industrial Engineered Products. Its products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. Its agrochemical products are sold through dealers and distributors to growers and others. Its pool, spa and household chemical products are sold through local dealers, large retailers, i ndependent retailers and mass merchants to consumers for in-home and outdoor use. On 10, November 2010, the Company completed its financial restructuring under Chapter 11 of the United States Bankruptcy Code. On July 30, 2010, the Company sold its natural sodium sulfonates and oxidized petrolatum product lines within its petroleum additives business to Sonneborn Inc.
CJES moved up 4.88%, to close at $15.89 and its overall traded volume was 596,992.00 shares in the last trading session. CJES opened the day at $15.07, it made an intraday low of $14.98 and an intraday high of $15.93. The stock has a 52 week low of $12.65 and 52 week high of $32.94. CJES’s market capitalization is $824.48M and it has 51.89M outstanding shares. C&J Energy Services, Inc. (C&J) provider of hydraulic fracturing and coiled tubing services. C&J provides its services in conjunction with both conventional and unconventional well completions, as well as workover and stimulation operations for existing wells. The Company also provides pressure pumping services in connection with well completion and production enhancement operations. The Company’s services include hydraulic fracturing, coiled tubing and pressure pumping. The Company provides specialty equipment services for oil and natural gas exploration and production companies in the Texas, Louisiana, and Oklahoma regions of the Unit ed States of America. The customers the Company serves are primarily exploration and production companies with unconventional resource positions, including EOG Resources, EXCO Resources, Anadarko Petroleum, Plains Exploration, Penn Virginia, Petrohawk, El Paso, Apache and Chesapeake.