American Apparel, Community Central Bank and Babcock & Brown Air lead small-cap percentage losersAmerican Apparel Inc. (AMEX:APP), Community Central Bank Corp. (Nasdaq:CCBD) and Babcock & Brown Air Ltd. (NYSE:FLY) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $750 million. Endocare, Inc. (Nasdaq:ENDO), Downey Financial Corp. (NYSE:DSL) and FirstFed Financial Corp. (NYSE:FED) are also among the top small-cap percentage losers. Here are Monday's biggest percentage losers among small caps:
Russell 2000 futures drop
The Russell 2000 (NYSE:IWM) futures are lower and the small-cap index will open in negative territory.
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The bears are poised for action following news this morning that General Electric Co. (NYSE:GE) reported a decline in first-quarter earnings and lowered its 2008 outlook. The Russell 2000 recaptured some of the previous day’s losses Thursday, rising 9.05, or 1.30% to 707.42. The index left a little double bottom on daily charts near the low, and that area around 696 stands as immediate support today. Below there, look for support at 688 and 681. Resistance should be seen at 714, 720.50 and 725. Today’s session features minimal event risk. The 10:00 a.m. ET sentiment figures from the University of Michigan sometimes spark a short-term twitch from traders, but represent a minor report overall.
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