Stocks falling to new 52 week lows on October 27 are BMC Software Inc, McDermott International Inc, Agnico-Eagle Mines Ltd, RPX Corporation, and 21Vianet Group Inc. 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 BMC Software Inc. (BMC) fell by 13.28% or $-5.13/share to $33.49. In the past year, the shares have traded as low as $35.57 and as high as $56.55. On average, 3043920 shares of BMC exchange hands on a given day and today's volume is recorded at 4232860. 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 $39.18 area but be careful because the stock may face selling pressure at this level.
Shares of McDermott International Inc. (MDR) fell by 31.51% or $-4.61/share to $10.02. In the past year, the shares have traded as low as $10.02 and as high as $26.14. On average, 4696420 shares of MDR exchange hands on a given day and today's volume is recorded at 14544352. 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 $13.32 area but be careful because the stock may face selling pressure at this level.
Shares of Agnico-Eagle Mines Ltd. (AEM) fell by 4.77% or $-2.14/share to $42.77. In the past year, the shares have traded as low as $43.00 and as high as $87.57. On average, 2655350 shares of AEM exchange hands on a given day and today's volume is recorded at 2035100. 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 $62.10 area but be careful because the stock may face selling pressure at this level.
Shares of RPX Corporation (RPXC) fell by 1.31% or $-0.21/share to $15.79. In the past year, the shares have traded as low as $15.95 and as high as $31.41. On average, 184340 shares of RPXC exchange hands on a given day and today's volume is recorded at 36008. 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 $21.69 area but be careful because the stock may face selling pressure at this level.
Shares of 21Vianet Group Inc. (VNET) fell by 0.32% or $-0.03/share to $9.42. In the past year, the shares have traded as low as $9.28 and as high as $22.33. On average, 199370 shares of VNET exchange hands on a given day and today's volume is recorded at 202113. 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 $10.68 area but be careful because the stock may face selling pressure at this level.
