Schaeffer's Trading Floor Blog

Highs & Lows: NV Energy, Chesapeake Energy, and Electronic Arts

HSY, NVE, and VSI hit new annual highs, while ANR, CHK, and EA fell to new annual lows

by 5/8/2012 2:17 PM
Stocks quoted in this article:

The major market indexes have extended their stay in negative territory this afternoon, as weekend elections in Greece continue to stoke fears about the euro zone. As a result, stocks at new annual highs are lagging the number of stocks at new lows. The NYSE currently tallies 38 securities at new 52-week highs, versus 72 annual lows. Likewise, the Nasdaq has gathered 33 annual highs, and 90 lows. Among the stocks hitting notable technical milestones in today's trading are NV Energy, Inc. (NVE), Chesapeake Energy Corporation (CHK), and Electronic Arts, Inc. (EA).

Notable Stocks at Annual Highs

  • Hershey Company (HSY - 67.88) topped out today at $67.91, notching an all-time best for the shares. HSY has added 20% over the past 52 weeks, and its Relative Strength Index (RSI) now stands at a relatively lofty 72. But analysts are not quite sweet on the chocolate maker, as just 23% of brokerage firms maintain a "buy" rating.
  • On the heels of its well-received first-quarter report, NV Energy, Inc. (NVE - 16.97) tagged an intraday peak of $17.38 -- territory not explored since December 2007. The equity is sitting on a modest year-over-year gain of 5.3%. NVE's RSI rests at a tame 56, and two analysts out of seven consider it a "buy."
  • Vitamin Shoppe, Inc. (VSI - 50.74) has also enjoyed an earnings-induced upswing today, jumping to a new record peak of $54.16. VSI has climbed more than 14% over the past year. The stock's RSI is seated at a middling 48, and 62% of analysts have doled out a "strong buy" endorsement.

Notable Stocks at Annual Lows

  • Alpha Natural Resources, Inc. (ANR - 13.42) hit a five-year low of $13.27 after Moody's Investors Service lowered its outlook on the U.S. coal industry to "negative," saying it expects a decline in U.S. coal consumption to be permanent. ANR has hacked off about 73.1% during the past 52 weeks, and its RSI of 37 is edging toward oversold territory. Downgrades could push the stock lower, as 15 brokerage firms out of 20 maintain a "strong buy" rating.
  • Chesapeake Energy Corporation (CHK - 16.59) dropped to a three-year low of $16.55 today, exacerbating its year-over-year deficit of 45.3%. The stock's RSI is parked a relatively slim 37, while 45% of analysts have doled out a "buy" recommendation.
  • Electronic Arts, Inc. (EA - 14.50) slipped to the $13.83 level -- its worst price since May 2000 -- after a disappointing fiscal fourth-quarter report. This post-earnings plunge has deepened the stock's 31.4% 52-week decline. The equity's RSI stands at 42, and 11 out of 19 analysts consider EA worthy of a "strong buy" endorsement.


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