Stocks falling to new 52 week lows on August 24 are Zhongpin, Inc, MGIC Investment Corp, Strayer Education Inc, TCF Financial Corporation, and Taleo 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 Zhongpin, Inc. (HOGS) fell by 1.0% or $-0.08/share to $7.89. In the past year, the shares have traded as low as $7.94 and as high as $25.00. On average, 1146910 shares of HOGS exchange hands on a given day and today's volume is recorded at 344884. 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 $10.18 area but be careful because the stock may face selling pressure at this level.
Shares of MGIC Investment Corp. (MTG) fell by 2.35% or $-0.04/share to $1.66. In the past year, the shares have traded as low as $1.68 and as high as $11.79. On average, 7236460 shares of MTG exchange hands on a given day and today's volume is recorded at 3260002. 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 $4.66 area but be careful because the stock may face selling pressure at this level.
Shares of Strayer Education Inc. (STRA) fell by 3.33% or $-2.84/share to $82.44. In the past year, the shares have traded as low as $84.81 and as high as $177.90. On average, 323000 shares of STRA exchange hands on a given day and today's volume is recorded at 77878. 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 $122.55 area but be careful because the stock may face selling pressure at this level.
Shares of TCF Financial Corporation (TCB) fell by 2.65% or $-0.25/share to $9.17. In the past year, the shares have traded as low as $9.39 and as high as $17.25. On average, 1927740 shares of TCB exchange hands on a given day and today's volume is recorded at 1075755. 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 $12.60 area but be careful because the stock may face selling pressure at this level.
Shares of Taleo Corp. (TLEO) fell by 2.12% or $-0.47/share to $21.67. In the past year, the shares have traded as low as $21.93 and as high as $38.28. On average, 475580 shares of TLEO exchange hands on a given day and today's volume is recorded at 160511. 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 $32.50 area but be careful because the stock may face selling pressure at this level.
