This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Oversold Stocks Ready to Bounce, 2 to Avoid

PLCM Chart PLCM data by YCharts

Polycom(PLCM - Get Report)

Background: Polycom develops, manufactures and markets a full range of high-quality, media-rich communication tools and network solutions. The company's broadband communication solutions enable business users to immediately realize the benefits of video, voice and data over rapidly growing converged networks. The company trades an average of 2.2 million shares per day with a market cap of $1.7 billion.

52-Week High: $26.11

52-Week Low: $7.45

Book Value: $8.02

Price to Book: 1.22

Analysts are more or less side-stepping this one like a politician dancing the Washington two-step. Twelve out of 14 analysts rate Polycom a hold, two recommend this as a buy and no analysts recommend selling.

Polycom closed Tuesday at $9.32, a price that technically breaks the support level of the trend line by a very small amount. The nine-day moving average is still providing support and intact, but I would hold off until it proves a bottom has been put in.

The trailing 12-month price-to-earnings ratio is 13.9, the mean fiscal year estimate price-to-earnings ratio is 33.0, based on earnings of 29 cents per share this year.

The current proportion sold short based on the float is 7%. I would not short here, but this is one of two companies in this article I would not enter a long.

PLCM Free Cash Flow Chart PLCM Free Cash Flow data by YCharts

9 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
EA $71.28 0.44%
FB $94.35 0.22%
HK $0.99 -3.00%
PLCM $10.89 -1.40%
TTWO $31.61 0.70%

Markets

Chart of I:DJI
DOW 17,558.64 -39.56 -0.22%
S&P 500 2,096.36 -1.68 -0.08%
NASDAQ 5,105.9720 -9.41 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs