Stocks falling to new 52 week lows on January 19 are San Juan Basin Royalty Trust, NRG Energy, Inc, and Hugoton Royalty 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 San Juan Basin Royalty Trust (SJT) fell by 4.54% or $-0.87/share to $18.3. In the past year, the shares have traded as low as $19.12 and as high as $26.72. On average, 164620 shares of SJT exchange hands on a given day and today's volume is recorded at 978245. 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 $23.15 area but be careful because the stock may face selling pressure at this level.
Shares of NRG Energy, Inc. (NRG) fell by 1.57% or $-0.27/share to $16.97. In the past year, the shares have traded as low as $17.12 and as high as $25.66. On average, 2550870 shares of NRG exchange hands on a given day and today's volume is recorded at 879638. 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 $19.14 area but be careful because the stock may face selling pressure at this level.
Shares of Hugoton Royalty Trust (HGT) fell by 1.47% or $-0.21/share to $14.03. In the past year, the shares have traded as low as $14.08 and as high as $23.51. On average, 208030 shares of HGT exchange hands on a given day and today's volume is recorded at 336957. 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 $19.81 area but be careful because the stock may face selling pressure at this level.
