Stocks falling to new 52 week lows on August 3 are CSG Systems International Inc, Black Box Corp, A123 Systems, Inc, Kforce Inc, and Penn Virginia Corp. 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 CSG Systems International Inc. (CSGS) fell by 8.61% or $-1.47/share to $15.6. In the past year, the shares have traded as low as $17.06 and as high as $21.59. On average, 210700 shares of CSGS exchange hands on a given day and today's volume is recorded at 349911. 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 $18.40 area but be careful because the stock may face selling pressure at this level.
Shares of Black Box Corp. (BBOX) fell by 15.8% or $-4.53/share to $24.14. In the past year, the shares have traded as low as $27.48 and as high as $40.62. On average, 75410 shares of BBOX exchange hands on a given day and today's volume is recorded at 153010. 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 $30.80 area but be careful because the stock may face selling pressure at this level.
Shares of A123 Systems, Inc. (AONE) fell by 6.52% or $-0.29/share to $4.16. In the past year, the shares have traded as low as $4.45 and as high as $11.53. On average, 2563570 shares of AONE exchange hands on a given day and today's volume is recorded at 2756241. 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 $5.29 area but be careful because the stock may face selling pressure at this level.
Shares of Kforce Inc. (KFRC) fell by 29.12% or $-3.77/share to $9.18. In the past year, the shares have traded as low as $9.80 and as high as $19.23. On average, 258950 shares of KFRC exchange hands on a given day and today's volume is recorded at 1722622. 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 $13.30 area but be careful because the stock may face selling pressure at this level.
Shares of Penn Virginia Corp. (PVA) fell by 8.9% or $-1.10/share to $11.26. In the past year, the shares have traded as low as $12.35 and as high as $19.31. On average, 953280 shares of PVA exchange hands on a given day and today's volume is recorded at 474124. 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 $13.95 area but be careful because the stock may face selling pressure at this level.