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Hot Stock: Babcock & Wilcox, Shares Drop 21.2% (BW)

By James Quinn

Babcock & Wilcox (NYSE:BW) is one of today's worst performing low-priced stocks, down 21.2% to $4.93 on 1.9x average daily volume. Thus far today, Babcock & Wilcox has traded 607,000 shares, vs. average volume of 324,000 shares per day. The stock has outperformed the Dow (-21.2% to the Dow's -100.0%) and underperformed the S&P 500 (-21.2% to the S&P's 0.1%) during today's trading.

Babcock & Wilcox Enterprises, Inc. provides energy products and services. The Company offers products including nuclear, fossil, renewable resources, and environmental solutions. Babcock & Wilcox Enterprises operates worldwide.

In the past 52 weeks, Babcock & Wilcox share prices have been bracketed by a low of $1.61 and a high of $21.09 and are now at $4.93, 206% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

Babcock & Wilcox (NYSE:BW) is currently priced 10.8% above its average consensus analyst price target of $4.40. The stock should run into initial resistance at its 200-day moving average (MA) of $19.26 and subsequent resistance at its 50-day MA of $21.17.

SmarTrend is monitoring the recent change of momentum in Babcock & Wilcox. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Babcock & Wilcox in search of a potential trend change.

Keywords: penny stocks babcock & wilcox

Ticker(s): BW