Stocks falling to new 52 week lows on July 14 are Companhia Siderurgica Nacional, Penn Virginia Corp, AMR Corporation, Logitech International SA, and Demand Media, Inc. 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 Companhia Siderurgica Nacional (SID) fell by 2.14% or $-0.25/share to $11.45. In the past year, the shares have traded as low as $11.56 and as high as $17.44. On average, 4545070 shares of SID exchange hands on a given day and today's volume is recorded at 1284591. 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 $13.17 area but be careful because the stock may face selling pressure at this level.
Shares of Penn Virginia Corp. (PVA) fell by 0.39% or $-0.05/share to $12.75. In the past year, the shares have traded as low as $12.72 and as high as $19.91. On average, 916840 shares of PVA exchange hands on a given day and today's volume is recorded at 286148. 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 $14.19 area but be careful because the stock may face selling pressure at this level.
Shares of AMR Corporation (AMR) fell by 1.64% or $-0.09/share to $5.11. In the past year, the shares have traded as low as $5.15 and as high as $8.99. On average, 10211570 shares of AMR exchange hands on a given day and today's volume is recorded at 2308058. 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 $5.97 area but be careful because the stock may face selling pressure at this level.
Shares of Logitech International SA (LOGI) fell by 0.59% or $-0.06/share to $10.17. In the past year, the shares have traded as low as $10.17 and as high as $23.29. On average, 1592660 shares of LOGI exchange hands on a given day and today's volume is recorded at 565297. 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 $11.99 area but be careful because the stock may face selling pressure at this level.
Shares of Demand Media, Inc. (DMD) fell by 1.97% or $-0.24/share to $11.96. In the past year, the shares have traded as low as $11.91 and as high as $27.38. On average, 428450 shares of DMD exchange hands on a given day and today's volume is recorded at 108076. 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 $14.21 area but be careful because the stock may face selling pressure at this level.
