Schaeffer's Trading Floor Blog

Highs & Lows: Archer Daniels Midland, News Corp., and Windstream

ADM, NWS, and SHW hit new annual highs, while CAVM, GTAT, and WIN fell to new annual lows

by 5/10/2012 2:38 PM
Stocks quoted in this article:

Stocks are modestly higher this afternoon, recovering from heavy losses suffered earlier in the week on news of a decline in weekly jobless claims. So far today, the NYSE has gathered 69 equities at new annual highs, versus 25 new lows. Meanwhile, the Nasdaq tallies 54 new highs and 44 annual lows. Among the stocks hitting notable technical milestones in today's trading are Archer Daniels Midland Company (ADM), News Corporation (NWS), and Windstream Corporation (WIN).

Notable Stocks at Annual Highs

  • Archer Daniels Midland Company (ADM - 33.73) reached a new annual peak of $33.98, following news that the U.S. Department of Agriculture (USDA) upped its near-term corn stockpile estimate, easing fears of shortages among corporate corn buyers. The stock is trading nearly flat over the past 52 weeks, and its Relative Strength Index (RSI) stands at 60. Just four out of 10 analysts have doled out "buy" recommendations.
  • On the heels of a 47% jump in fiscal third-quarter profit, News Corporation (NWS - 20.82) soared to its highest point in over four years, peaking at $20.87. The equity has racked up a 7.1% gain over the past year, and its RSI currently resides at 47. Just one out of four analysts currently considers the media issue worthy of a "buy."
  • Sherwin-Williams Company (SHW - 123.97) climbed as high as $125.20 today -- a new record peak for the stock. The shares are adding to their impressive 52-week gain of 46.3%, while their RSI of 78 is hovering in overbought territory. Only 18% of analysts consider the stock worthy of a "buy" rating.

Notable Stocks at Annual Lows

  • Cavium, Inc. (CAVM - 24.22) fell to the $22.84 mark -- its lowest point since August 2010 -- as the shares continue to reel from last week's poorly received first-quarter report. The stock has plummeted 45.4% during the past 12 months, and its RSI is resting at a slim 32. Despite the bleak price action, the majority of analysts remain bullish, with 69% upholding a "buy" or better endorsement.
  • GT Advanced Technologies, Inc. (GTAT - 5.71) tumbled to its lowest price since July 2010, touching the $5.53 level just before midday. Over the past 52 weeks, the shares have dropped more than 48%, and the RSI is sitting at 24, in oversold territory. Seven out of 12 brokerages have offered up a "buy" rating on the underperforming solar stock.
  • Windstream Corporation (WIN - 10.11) tagged its worst price since September 2010 this morning, bottoming out at $9.42 in the wake of a first-quarter miss. WIN has turned in a year-over-year deficit of 15.1%, while its RSI is relatively tame at 42. Only four out of 15 analysts have graced the stock with "buy" recommendations.


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