Stocks falling to new 52 week lows on March 28 are Arch Coal Inc, Peabody Energy Corp, Alpha Natural Resources, Inc, First Solar, Inc, and Bill Barrett 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 Arch Coal Inc. (ACI) fell by 5.15% or $-0.58/share to $10.68. In the past year, the shares have traded as low as $11.25 and as high as $36.08. On average, 8586630 shares of ACI exchange hands on a given day and today's volume is recorded at 5038336. 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 $13.39 area but be careful because the stock may face selling pressure at this level.
Shares of Peabody Energy Corp. (BTU) fell by 4.46% or $-1.33/share to $28.52. In the past year, the shares have traded as low as $29.78 and as high as $73.43. On average, 6490610 shares of BTU exchange hands on a given day and today's volume is recorded at 4538433. 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 $34.44 area but be careful because the stock may face selling pressure at this level.
Shares of Alpha Natural Resources, Inc. (ANR) fell by 4.12% or $-0.64/share to $14.88. In the past year, the shares have traded as low as $15.36 and as high as $61.67. On average, 10751950 shares of ANR exchange hands on a given day and today's volume is recorded at 6492372. 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 $19.03 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) fell by 4.52% or $-1.18/share to $24.93. In the past year, the shares have traded as low as $25.29 and as high as $163.05. On average, 5306720 shares of FSLR exchange hands on a given day and today's volume is recorded at 3712061. 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 $35.91 area but be careful because the stock may face selling pressure at this level.
Shares of Bill Barrett Corp. (BBG) fell by 2.54% or $-0.68/share to $26.05. In the past year, the shares have traded as low as $26.30 and as high as $52.13. On average, 1193200 shares of BBG exchange hands on a given day and today's volume is recorded at 270111. 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 $28.25 area but be careful because the stock may face selling pressure at this level.
