Stock Market Watch

Stocks Forming a Downward Channel (Bearish) on Mar-1

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These stocks are channeling downwards. This is a bearish trend.

LM Ericsson Telephone Co. (NASDAQ:ERIC) is currently trading at $9.98. ERIC is trading 2.76% above its 50 day moving average and -10.97% below its 200 day moving average. ERIC is -35.36% below its 52-week high and 16.32% above its 52-week low. ERIC’s PE ratio is 17.21 and their market cap is $32.67B.

Ericsson Telephone Company is a maker of mobile communications infrastructure equipment, which has four segments: Networks, Professional Services, Multimedia, and Phones.


FirstEnergy Corp. (NYSE:FE) is currently trading at $44.29. FE is trading 3.81% above its 50 day moving average and 3.53% above its 200 day moving average. FE is -2.49% below its 52-week high and 29.00% above its 52-week low. FE’s PE ratio is 18.45 and their market cap is $18.52B.

FirstEnergy Corp. is a diversified energy company. It holds directly or indirectly, all of the outstanding common stock of its eight electric utility operating subsidiaries: OE, CEI, TE, Penn, ATSI, JCP&L, Met-Ed and Penelec.

Public Service Enterprise Group Inc. (NYSE:PEG) is currently trading at $30.78. PEG is trading -0.99% below its 50 day moving average and -3.42% below its 200 day moving average. PEG is -12.31% below its 52-week high and 12.38% above its 52-week low. PEG’s PE ratio is 11.07 and their market cap is $15.57B.

Public Service Enterprise Group is an energy company, whose business consists of four segments, which are Power, PSE&G and the two direct subsidiaries of Energy Holdings L.L.C., PSEG Global L.L.C. and PSEG Resources L.L.C.

Veolia Environnement S.A. (NYSE:VE) is currently trading at $12.13. VE is trading 6.71% above its 50 day moving average and -29.54% below its 200 day moving average. VE is -62.10% below its 52-week high and 19.86% above its 52-week low.

Veolia Environnement iprovide the full range of environmental services in the fields of water, waste management, energy and transportation.

Alcatel-Lucent S.A. (NYSE:ALU) is currently trading at $2.47. ALU is trading 30.18% above its 50 day moving average and -23.90% below its 200 day moving average. ALU is -62.75% below its 52-week high and 77.70% above its 52-week low. ALU’s PE ratio is 7.26 and their market cap is $5.74B.

Alcatel-Lucent provides product offerings that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users.

Electronic Arts Inc. (NASDAQ:EA) is currently trading at $16.34. EA’s RSI is currently at 27.37 which indicates that the stock is oversold. EA is trading -13.06% below its 50 day moving average and -24.43% below its 200 day moving average. EA is -37.47% below its 52-week high and -1.63% below its 52-week low.

Electronic Arts, Inc. develops, markets, publishes and distributes video game software and content that could be played by consumers on a variety of platforms.

Portugal Telecom SGPS SA (NYSE:PT) is currently trading at $5.20. PT is trading -5.16% below its 50 day moving average and -28.38% below its 200 day moving average. PT is -51.10% below its 52-week high and 5.05% above its 52-week low. PT’s PE ratio is 9.29 and their market cap is $4.66B.

Portugal Telecom SA provides telecommunications services mainly in Portugal, Brazil and certain countries in Africa, including: wireline services, which include fixed line telephone services for residential & nonresidential customers.

Frontier Communications Corporation (NYSE:FTR) is currently trading at $4.58. FTR is trading -2.88% below its 50 day moving average and -25.22% below its 200 day moving average. FTR is -44.57% below its 52-week high and 20.21% above its 52-week low. FTR’s PE ratio is 30.53 and their market cap is $4.56B.

Frontier Communications Corporation is a communication company, which provides services to rural areas and small and medium-sized towns and cities.

Cablevision Systems Corporation (NYSE:CVC) is currently trading at $14.23. CVC is trading -2.05% below its 50 day moving average and -21.91% below its 200 day moving average. CVC is -47.51% below its 52-week high and 22.99% above its 52-week low. CVC’s PE ratio is 14.23 and their market cap is $3.98B.

Cablevision Systems Corporation through its subsidiary, CSC Holdings is a cable operator in the United States based on the number of basic video subscribers.

Konami Corp. (NYSE:KNM) is currently trading at $27.54. KNM is trading 0.76% above its 50 day moving average and -3.53% below its 200 day moving average. KNM is -26.01% below its 52-week high and 64.52% above its 52-week low. KNM’s PE ratio is 15.13 and their market cap is $3.95B.

Konami Corporationis a global developer, publisher and manufacturer of electronic entertainment properties, specializing in the home video game market. It develops, publishes, markets and distributes video game software products for stationary cosoles.

Ctrip.com International Ltd. (NASDAQ:CTRP) is currently trading at $27.38. CTRP is trading 11.38% above its 50 day moving average and -20.10% below its 200 day moving average. CTRP is -45.86% below its 52-week high and 24.34% above its 52-week low. CTRP’s PE ratio is 23.40 and their market cap is $3.93B.

Ctrip.com International, Ltd. is engaged in the provision of travel related services including hotel reservation, air-ticketing, packaged-tour services, as well as, to a much lesser extent, Internet-related advertising and other related services.

McDermott International Inc. (NYSE:MDR) is currently trading at $13.06. MDR is trading 5.32% above its 50 day moving average and -10.62% below its 200 day moving average. MDR is -50.04% below its 52-week high and 39.83% above its 52-week low. MDR’s PE ratio is 16.53 and their market cap is $3.07B.

McDermott International, Inc. provides a number of products and services to customers in the energy and power industries, including utilities and other power generators, major and national oil companies, and the United States Government.

Unit Corp. (NYSE:UNT) is currently trading at $47.57. UNT is trading 2.13% above its 50 day moving average and -4.00% below its 200 day moving average. UNT is -25.45% below its 52-week high and 41.75% above its 52-week low. UNT’s PE ratio is 11.66 and their market cap is $2.30B.

Unit Corporation is engaged in the land contract drilling of natural gas and oil wells, the exploration, development, acquisition and production of oil and natural gas properties and the buying, selling, gathering, processing and treating of natural gas.

Polypore International Inc. (NYSE:PPO) is currently trading at $41.12. PPO is trading -11.29% below its 50 day moving average and -27.00% below its 200 day moving average. PPO is -44.59% below its 52-week high and 12.35% above its 52-week low. PPO’s PE ratio is 18.44 and their market cap is $1.91B.

A global technology filtration company which develops, manufactures and markets specialized microporous membranes used in separation and filtration processes.

MEMC Electronic Materials Inc. (NYSE:WFR) is currently trading at $3.93. WFR is trading -12.28% below its 50 day moving average and -36.76% below its 200 day moving average. WFR is -71.52% below its 52-week high and 7.67% above its 52-week low.

Memc Electronic Material is engaged in the manufacture and sale of wafers and has been a pioneer in the design and development of wafer technologies.

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Alex Fredricks
Post Written By: Alex Fredricks

Alex Fredricks has a degree in business and is an avid day-trader. Alex’s experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.


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Alex Fredricks

Alex Fredricks has a degree in business and is an avid day-trader. Alex's experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.

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