Stocks falling to new 52 week lows on March 28 are Baker Hughes Incorporated, Deckers Outdoor Corp, KIT digital, Inc, NTT DOCOMO, Inc, and Advantage Oil & Gas 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 Baker Hughes Incorporated (BHI) fell by 1.67% or $-0.70/share to $41.25. In the past year, the shares have traded as low as $41.67 and as high as $80.38. On average, 7491670 shares of BHI exchange hands on a given day and today's volume is recorded at 4272527. 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 $48.58 area but be careful because the stock may face selling pressure at this level.
Shares of Deckers Outdoor Corp. (DECK) fell by 2.66% or $-1.75/share to $64.07. In the past year, the shares have traded as low as $64.74 and as high as $118.89. On average, 2208810 shares of DECK exchange hands on a given day and today's volume is recorded at 970816. 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 $78.33 area but be careful because the stock may face selling pressure at this level.
Shares of KIT digital, Inc. (KITD) fell by 3.74% or $-0.25/share to $6.43. In the past year, the shares have traded as low as $5.99 and as high as $12.73. On average, 1107640 shares of KITD exchange hands on a given day and today's volume is recorded at 643564. 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 $10.02 area where the stock may encounter resistance.
Shares of NTT DOCOMO, Inc. (DCM) fell by 0.59% or $-0.10/share to $16.64. In the past year, the shares have traded as low as $16.72 and as high as $19.55. On average, 292280 shares of DCM exchange hands on a given day and today's volume is recorded at 62947. 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 $17.45 area but be careful because the stock may face selling pressure at this level.
Shares of Advantage Oil & Gas Ltd. (AAV) fell by 0.87% or $-0.03/share to $3.3. In the past year, the shares have traded as low as $3.31 and as high as $9.29. On average, 490250 shares of AAV exchange hands on a given day and today's volume is recorded at 239449. 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 $3.72 area but be careful because the stock may face selling pressure at this level.
