Stocks falling to new 52 week lows on October 19 are Agnico-Eagle Mines Ltd, Checkpoint Systems Inc, Demand Media, Inc, The Governor and Company of The Bank of Ireland, and Nevsun Resources Ltd. 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 Agnico-Eagle Mines Ltd. (AEM) fell by 17.31% or $-9.88/share to $47.22. In the past year, the shares have traded as low as $54.06 and as high as $87.57. On average, 2339040 shares of AEM exchange hands on a given day and today's volume is recorded at 8407203. 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 $64.24 area but be careful because the stock may face selling pressure at this level.
Shares of Checkpoint Systems Inc. (CKP) fell by 22.85% or $-3.29/share to $11.11. In the past year, the shares have traded as low as $12.36 and as high as $23.00. On average, 250610 shares of CKP exchange hands on a given day and today's volume is recorded at 798556. 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 $14.40 area but be careful because the stock may face selling pressure at this level.
Shares of Demand Media, Inc. (DMD) fell by 13.1% or $-0.85/share to $5.64. In the past year, the shares have traded as low as $6.44 and as high as $27.38. On average, 418940 shares of DMD exchange hands on a given day and today's volume is recorded at 272643. 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 $8.02 area but be careful because the stock may face selling pressure at this level.
Shares of The Governor and Company of The Bank of Ireland (IRE) fell by 13.22% or $-0.87/share to $5.72. In the past year, the shares have traded as low as $5.89 and as high as $35.27. On average, 522780 shares of IRE exchange hands on a given day and today's volume is recorded at 2911378. 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 $10.87 area but be careful because the stock may face selling pressure at this level.
Shares of Nevsun Resources Ltd. (NSU) fell by 12.39% or $-0.68/share to $4.81. In the past year, the shares have traded as low as $4.42 and as high as $7.71. On average, 669800 shares of NSU exchange hands on a given day and today's volume is recorded at 1562533. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $6.02 area where the stock may encounter resistance.
