Stocks falling to new 52 week lows on October 4 are InterOil Corporation, Sprint Nextel Corp, Amedisys Inc, Dynegy Inc, and Denison Mines 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 InterOil Corporation (IOC) fell by 18.11% or $-7.11/share to $32.14. In the past year, the shares have traded as low as $37.90 and as high as $81.99. On average, 709750 shares of IOC exchange hands on a given day and today's volume is recorded at 1625363. 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 $58.22 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) fell by 8.97% or $-0.24/share to $2.48. In the past year, the shares have traded as low as $2.71 and as high as $6.44. On average, 64122270 shares of S exchange hands on a given day and today's volume is recorded at 68982488. 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 $3.55 area but be careful because the stock may face selling pressure at this level.
Shares of Amedisys Inc. (AMED) fell by 17.24% or $-2.31/share to $11.09. In the past year, the shares have traded as low as $12.64 and as high as $38.87. On average, 538860 shares of AMED exchange hands on a given day and today's volume is recorded at 613238. 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 $17.36 area but be careful because the stock may face selling pressure at this level.
Shares of Dynegy Inc. (DYN) fell by 11.71% or $-0.41/share to $3.09. In the past year, the shares have traded as low as $3.50 and as high as $6.92. On average, 2112570 shares of DYN exchange hands on a given day and today's volume is recorded at 1059953. 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 $4.76 area but be careful because the stock may face selling pressure at this level.
Shares of Denison Mines Corp. (DNN) fell by 6.76% or $-0.06/share to $0.88. In the past year, the shares have traded as low as $0.93 and as high as $4.54. On average, 1502230 shares of DNN exchange hands on a given day and today's volume is recorded at 1339745. 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 $1.55 area but be careful because the stock may face selling pressure at this level.
