Stocks falling to new 52 week lows on August 2 are Amedisys Inc, Overseas Shipholding Group Inc, eResearchTechnology, Inc, SIGA Technologies, Inc, and Frontline Ltd. 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 Amedisys Inc. (AMED) fell by 7.42% or $-1.83/share to $22.83. In the past year, the shares have traded as low as $22.82 and as high as $38.87. On average, 353050 shares of AMED exchange hands on a given day and today's volume is recorded at 1029789. 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 $27.46 area but be careful because the stock may face selling pressure at this level.
Shares of Overseas Shipholding Group Inc. (OSG) fell by 9.82% or $-2.29/share to $21.03. In the past year, the shares have traded as low as $23.18 and as high as $38.49. On average, 763100 shares of OSG exchange hands on a given day and today's volume is recorded at 983826. 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 $26.29 area but be careful because the stock may face selling pressure at this level.
Shares of eResearchTechnology, Inc. (ERT) fell by 13.19% or $-0.85/share to $5.58. In the past year, the shares have traded as low as $5.36 and as high as $8.65. On average, 125940 shares of ERT exchange hands on a given day and today's volume is recorded at 148950. 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 $6.24 area but be careful because the stock may face selling pressure at this level.
Shares of SIGA Technologies, Inc. (SIGA) fell by 8.99% or $-0.66/share to $6.68. In the past year, the shares have traded as low as $6.99 and as high as $15.66. On average, 692570 shares of SIGA exchange hands on a given day and today's volume is recorded at 714589. 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 $10.61 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) fell by 7.91% or $-0.86/share to $10.01. In the past year, the shares have traded as low as $10.77 and as high as $30.66. On average, 1837400 shares of FRO exchange hands on a given day and today's volume is recorded at 1198005. 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 $14.80 area but be careful because the stock may face selling pressure at this level.
