Stocks falling to new 52 week lows on August 25 are Forest Oil Corp, Endurance Specialty Holdings Ltd, Platinum Underwriters Holdings Ltd, Penn Virginia Corp, and Companhia Paranaense de Energia. 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 Forest Oil Corp. (FST) fell by 4.16% or $-0.75/share to $17.29. In the past year, the shares have traded as low as $17.70 and as high as $40.23. On average, 3885350 shares of FST exchange hands on a given day and today's volume is recorded at 1423553. 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 $23.82 area but be careful because the stock may face selling pressure at this level.
Shares of Endurance Specialty Holdings Ltd. (ENH) fell by 2.46% or $-0.86/share to $34.14. In the past year, the shares have traded as low as $34.49 and as high as $49.96. On average, 497120 shares of ENH exchange hands on a given day and today's volume is recorded at 76509. 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 $39.50 area but be careful because the stock may face selling pressure at this level.
Shares of Platinum Underwriters Holdings Ltd. (PTP) fell by 3.54% or $-1.05/share to $28.65. In the past year, the shares have traded as low as $29.16 and as high as $46.22. On average, 349940 shares of PTP exchange hands on a given day and today's volume is recorded at 78207. 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 $32.69 area but be careful because the stock may face selling pressure at this level.
Shares of Penn Virginia Corp. (PVA) fell by 4.98% or $-0.40/share to $7.64. In the past year, the shares have traded as low as $7.74 and as high as $18.56. On average, 1105710 shares of PVA exchange hands on a given day and today's volume is recorded at 423151. 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 $12.28 area but be careful because the stock may face selling pressure at this level.
Shares of Companhia Paranaense de Energia (ELP) fell by 1.5% or $-0.32/share to $21.08. In the past year, the shares have traded as low as $21.31 and as high as $29.05. On average, 592560 shares of ELP exchange hands on a given day and today's volume is recorded at 154664. 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 $24.76 area but be careful because the stock may face selling pressure at this level.
