Stocks falling to new 52 week lows on June 16 are Insituform Technologies Inc, USEC Inc, Golden Star Resources, Ltd, Eldorado Gold Corp, and Capella Education Co. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.
Shares of Insituform Technologies Inc. (INSU) fell by 14.35% or $-3.08/share to $18.39. In the past year, the shares have traded as low as $18.52 and as high as $30.00. On average, 264550 shares of INSU exchange hands on a given day and today's volume is recorded at 735168. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $25.03 area but be careful because the stock may face selling pressure at this level.
Shares of USEC Inc. (USU) traded higher by 0.62% or $0.02/share to $3.25. In the past year, the shares have traded as low as $3.21 and as high as $6.35. On average, 2074540 shares of USU exchange hands on a given day and today's volume is recorded at 883140. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.17 area but be careful because the stock may face selling pressure at this level.
Shares of Golden Star Resources, Ltd. (GSS) traded higher by 2.68% or $0.06/share to $2.3. In the past year, the shares have traded as low as $2.24 and as high as $6.01. On average, 3229650 shares of GSS exchange hands on a given day and today's volume is recorded at 1461822. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $2.80 area but be careful because the stock may face selling pressure at this level.
Shares of Eldorado Gold Corp. (EGO) fell by 1.5% or $-0.21/share to $13.8. In the past year, the shares have traded as low as $13.85 and as high as $20.23. On average, 4118080 shares of EGO exchange hands on a given day and today's volume is recorded at 1870047. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $16.26 area but be careful because the stock may face selling pressure at this level.
Shares of Capella Education Co. (CPLA) traded higher by 1.5% or $0.66/share to $44.64. In the past year, the shares have traded as low as $43.91 and as high as $96.52. On average, 201930 shares of CPLA exchange hands on a given day and today's volume is recorded at 159320. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $49.21 area but be careful because the stock may face selling pressure at this level.
