When analyzing price fluctuation of a security, there are guidelines we can use to determine the strength or weakness of a move. Decreasing price and increasing volume show heightened interest, and this is a warning of a potential reversal of the downtrend. The securities listed below had bigger price declines, and the volumes have typically been rising. (The broad market (S&P 500) has lost 2.81% during the last 10 trading days.)
Halliburton (HAL): Halliburton Company provides various products and services to the energy industry for the exploration, development and production of oil and natural gas worldwide. It operates in two segments: Completion and Production; and Drilling and Evaluation. The stock has a return on assets of 11.9% and a return on equity of 21.56%. The company is trading with a return on invested capital of 15.56%. HAL is currently trading at 31.4% higher volume compared to its 10 day moving average. HAL is currently trading at $31.00, falling $9.75 or 23.9% this year.
Red Hat (RHT): Red Hat, Inc. provides open source software solutions to enterprises worldwide. It also offers enterprise-ready open source operating system platforms. The company's key products include Red Hat Enterprise Linux and JBoss Enterprise Middleware. The stock has an ROA of 5% and an ROE of 8.38%. The company is trading with an ROIC of 8.38%. RHT is currently trading at 60.9% higher volume compared to its 10 day moving average. RHT is currently trading at $45.98, falling $0.58 or 1.25% this year.
DuPont E.I. de Nemours (DD): DuPont operates as a science and technology company worldwide. DuPont offers a range of products and services for markets, including agriculture and food, building and construction, electronics and communications, general industrial and transportation. The stock has an ROA of 8.27% and an ROE of 36.39%. DD is trading with an ROIC of 16.03%. DD is currently trading at 1.21% higher volume compared to its 10 day moving average. DD is currently trading at $43.22, falling $6.81 or 13.6% this year.
WellPoint (WLP): WellPoint, Inc. and its subsidiaries operate as a health benefits company in the United States. It offers various network-based managed care plans to large and small employer, individual, Medicaid and senior markets. The company has an ROA of 5.64% and an ROE of 11.86%. The company is trading with an ROIC of 8.75%. WLP is currently trading at 13.1% higher volume compared to its 10 day moving average. WLP is currently trading at $63.52, raising $5.57 or 9.61% this year.
Newmont Mining (NEM): Newmont Mining Corporation is a producer of gold. Newmont has active mines in Nevada, Indonesia, Australia, New Zealand, Ghana and Peru. Newmont's Holdings include Santa Fe Gold (SFEG.OB), Battle Mountain Gold, Normandy Mining, Franco-Nevada Corp (FNV) and Fronteer Gold (FRG). The company has an ROA of 9.07% and an ROE of 17.65%. The company is trading with an ROIC of 13.03%. NEM is currently trading at 63.6% higher volume compared to its 10 day moving average. NEM is currently trading at $61.62, raising $0.53 or 0.868% this year.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.