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13 High Beta Basic Materials Stocks Showing Bearish Momentum

Published 11/20/2012, 01:39 AM
Updated 07/09/2023, 06:31 AM
Recent Performance of the Stocks Mentioned Below:

Average 1-Week Return: -4.32%
Average 1-Month Return: -21.12%
Average 1-Year Return: -45.81%

1. AK Steel Holding Corporation (AKS). Produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. Beta at 2.56. Stock trading -28% below the 20-day SMA, -29.92% below the 50-day SMA, and -41.25% below the 200-day SMA.

2. Basic Energy Services, Inc. (BAS). Provides a range of well site services to oil and gas drilling and producing companies in the United States. Beta at 2.25. Stock trading -5.43% below the 20-day SMA, -12.97% below the 50-day SMA, and -25.58% below the 200-day SMA.

3. Cameco Corp. (CCJ). Operates as a uranium producer, supplier of conversion services, and fuel manufacturer. Beta at 1.54. Stock trading -5.83% below the 20-day SMA, -12.25% below the 50-day SMA, and -18.54% below the 200-day SMA.

4. Cliffs Natural Resources Inc. (CLF). Produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. Beta at 2.37. Stock trading -8.07% below the 20-day SMA, -11.29% below the 50-day SMA, and -30.53% below the 200-day SMA.

5. Canadian Natural Resources Limited (CNQ). Engages in the exploration, development, production, marketing, and sale of crude oil, natural gas liquids, and natural gas. Beta at 1.59. Stock trading -5.91% below the 20-day SMA, -10.44% below the 50-day SMA, and -11.28% below the 200-day SMA.

6. Forest Oil Corp. (FST). Engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America. Beta at 1.53. Stock trading -9.33% below the 20-day SMA, -16.68% below the 50-day SMA, and -28.31% below the 200-day SMA.

7. Key Energy Services Inc. (KEG). Operates as an onshore rig-based well servicing contractor. Beta at 2.4. Stock trading -0.98% below the 20-day SMA, -11.64% below the 50-day SMA, and -39.7% below the 200-day SMA.

8. Quicksilver Resources Inc. (KWK). Engages in the exploration, development, and production of unconventional natural gas onshore in North America. Beta at 1.66. Stock trading -16.16% below the 20-day SMA, -25.04% below the 50-day SMA, and -33.47% below the 200-day SMA.

9. Mechel OAO (MTL). Operates as a mining and steel company in the Russian Federation and internationally. Beta at 2.86. Stock trading -6.2% below the 20-day SMA, -11.11% below the 50-day SMA, and -19.56% below the 200-day SMA.

10. SandRidge Energy, Inc. (SD). Operates as an independent natural gas and oil company in the United States. Beta at 2.11. Stock trading -8.38% below the 20-day SMA, -17.05% below the 50-day SMA, and -19.45% below the 200-day SMA.

11. Companhia Siderurgica Nacional (SID). Operates as an integrated steel producer in Brazil and Latin America. Beta at 1.77. Stock trading -9.89% below the 20-day SMA, -13.55% below the 50-day SMA, and -29.36% below the 200-day SMA.

12. Weatherford International Ltd. (WFT). Provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells to independent oil and natural gas producing companies worldwide. Beta at 1.82. Stock trading -13.94% below the 20-day SMA, -20.96% below the 50-day SMA, and -29.44% below the 200-day SMA.

13. Walter Energy, Inc. (WLT). Produces and exports metallurgical coal for the steel industry primarily in the United States. Beta at 1.83. Stock trading -14.74% below the 20-day SMA, -14.23% below the 50-day SMA, and -37.16% below the 200-day SMA.

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