Stocks falling to new 52 week lows on March 22 are Nationstar Mortgage Holdings In, RadioShack Corp, GrafTech International Ltd, Nevsun Resources Ltd, and IAMGOLD 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 Nationstar Mortgage Holdings In (NSM) fell by 1.29% or $-0.18/share to $13.8. In the past year, the shares have traded as low as $13.38 and as high as $14.94. On average, 1687920 shares of NSM exchange hands on a given day and today's volume is recorded at 141778. 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 $14.35 area but be careful because the stock may face selling pressure at this level.
Shares of RadioShack Corp. (RSH) traded higher by 0.15% or $0.01/share to $6.49. In the past year, the shares have traded as low as $6.48 and as high as $15.70. On average, 4733500 shares of RSH exchange hands on a given day and today's volume is recorded at 2085696. 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 $7.87 area but be careful because the stock may face selling pressure at this level.
Shares of GrafTech International Ltd. (GTI) fell by 1.65% or $-0.19/share to $11.6. In the past year, the shares have traded as low as $11.60 and as high as $23.62. On average, 1428060 shares of GTI exchange hands on a given day and today's volume is recorded at 479544. 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 $14.68 area but be careful because the stock may face selling pressure at this level.
Shares of Nevsun Resources Ltd. (NSU) fell by 2.08% or $-0.07/share to $3.3. In the past year, the shares have traded as low as $3.21 and as high as $7.23. On average, 852610 shares of NSU exchange hands on a given day and today's volume is recorded at 430044. 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 $4.82 area but be careful because the stock may face selling pressure at this level.
Shares of IAMGOLD Corp. (IAG) fell by 2.39% or $-0.32/share to $13.09. In the past year, the shares have traded as low as $12.93 and as high as $23.70. On average, 2582070 shares of IAG exchange hands on a given day and today's volume is recorded at 1248154. 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 $15.75 area but be careful because the stock may face selling pressure at this level.
