Stocks falling to new 52 week lows on March 29 are Ctrip.com International Ltd, RadioShack Corp, NRG Energy, Inc, Bill Barrett Corp, and KT 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 Ctrip.com International Ltd. (CTRP) fell by 3.91% or $-0.86/share to $21.13. In the past year, the shares have traded as low as $21.94 and as high as $50.57. On average, 3275790 shares of CTRP exchange hands on a given day and today's volume is recorded at 1765918. 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 $25.05 area but be careful because the stock may face selling pressure at this level.
Shares of RadioShack Corp. (RSH) fell by 3.81% or $-0.24/share to $6.18. In the past year, the shares have traded as low as $6.40 and as high as $15.69. On average, 4797950 shares of RSH exchange hands on a given day and today's volume is recorded at 2727894. 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 $7.53 area but be careful because the stock may face selling pressure at this level.
Shares of NRG Energy, Inc. (NRG) fell by 2.86% or $-0.46/share to $15.65. In the past year, the shares have traded as low as $16.06 and as high as $25.66. On average, 2919120 shares of NRG exchange hands on a given day and today's volume is recorded at 1390096. 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 $16.94 area but be careful because the stock may face selling pressure at this level.
Shares of Bill Barrett Corp. (BBG) fell by 2.74% or $-0.71/share to $25.16. In the past year, the shares have traded as low as $25.65 and as high as $52.13. On average, 1202620 shares of BBG exchange hands on a given day and today's volume is recorded at 393548. 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 $28.17 area but be careful because the stock may face selling pressure at this level.
Shares of KT Corp. (KT) fell by 2.44% or $-0.34/share to $13.62. In the past year, the shares have traded as low as $13.88 and as high as $21.14. On average, 1382890 shares of KT exchange hands on a given day and today's volume is recorded at 579848. 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 $14.53 area but be careful because the stock may face selling pressure at this level.
