Stocks falling to new 52 week lows on October 4 are NII Holdings Inc, US Gold Corporation, CEMEX, S.A.B. de C.V, MGM Resorts International, and Clean Energy Fuels 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 NII Holdings Inc. (NIHD) fell by 2.87% or $-0.72/share to $24.34. In the past year, the shares have traded as low as $25.03 and as high as $46.32. On average, 2032380 shares of NIHD exchange hands on a given day and today's volume is recorded at 1322258. 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 $36.39 area but be careful because the stock may face selling pressure at this level.
Shares of US Gold Corporation (UXG) fell by 9.33% or $-0.35/share to $3.4. In the past year, the shares have traded as low as $3.74 and as high as $9.87. On average, 2911970 shares of UXG exchange hands on a given day and today's volume is recorded at 1452069. 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 $5.82 area but be careful because the stock may face selling pressure at this level.
Shares of CEMEX, S.A.B. de C.V. (CX) fell by 2.65% or $-0.07/share to $2.53. In the past year, the shares have traded as low as $2.53 and as high as $11.15. On average, 15134280 shares of CX exchange hands on a given day and today's volume is recorded at 9776302. 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 $5.11 area but be careful because the stock may face selling pressure at this level.
Shares of MGM Resorts International (MGM) traded higher by 0.24% or $0.02/share to $8.25. In the past year, the shares have traded as low as $8.21 and as high as $16.94. On average, 26266940 shares of MGM exchange hands on a given day and today's volume is recorded at 17332006. 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 $11.34 area but be careful because the stock may face selling pressure at this level.
Shares of Clean Energy Fuels Corp. (CLNE) fell by 5.71% or $-0.57/share to $9.44. In the past year, the shares have traded as low as $10.00 and as high as $17.86. On average, 1850430 shares of CLNE exchange hands on a given day and today's volume is recorded at 873031. 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 $13.12 area but be careful because the stock may face selling pressure at this level.
