Stocks falling to new 52 week lows on September 16 are Skullcandy, Inc, OpenTable, Inc, ICON plc, and Ramco-Gershenson Properties Trust. 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 Skullcandy, Inc. (SKUL) fell by 0.61% or $-0.08/share to $12.98. In the past year, the shares have traded as low as $12.80 and as high as $23.40. On average, 665920 shares of SKUL exchange hands on a given day and today's volume is recorded at 201161. 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 $16.53 area but be careful because the stock may face selling pressure at this level.
Shares of OpenTable, Inc. (OPEN) fell by 4.58% or $-2.57/share to $53.6. In the past year, the shares have traded as low as $52.73 and as high as $118.66. On average, 1383560 shares of OPEN exchange hands on a given day and today's volume is recorded at 1363355. 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 $66.45 area but be careful because the stock may face selling pressure at this level.
Shares of ICON plc (ICLR) fell by 1.31% or $-0.24/share to $18.14. In the past year, the shares have traded as low as $18.20 and as high as $26.22. On average, 321600 shares of ICLR exchange hands on a given day and today's volume is recorded at 108421. 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 $21.03 area but be careful because the stock may face selling pressure at this level.
Shares of Ramco-Gershenson Properties Trust (RPT) fell by 3.59% or $-0.35/share to $9.4. In the past year, the shares have traded as low as $9.33 and as high as $13.19. On average, 263470 shares of RPT exchange hands on a given day and today's volume is recorded at 163145. 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 $11.01 area but be careful because the stock may face selling pressure at this level.
