Stocks falling to new 52 week lows on March 29 are Arch Coal Inc, TransAlta Corp, Kinross Gold Corporation, Advantage Oil & Gas Ltd, and MDC Partners Inc. 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 3.01% or $-0.33/share to $10.48. In the past year, the shares have traded as low as $10.61 and as high as $36.09. On average, 8713770 shares of ACI exchange hands on a given day and today's volume is recorded at 5225239. 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 $13.34 area but be careful because the stock may face selling pressure at this level.
Shares of TransAlta Corp. (TAC) fell by 2.12% or $-0.40/share to $18.55. In the past year, the shares have traded as low as $18.75 and as high as $22.48. On average, 70280 shares of TAC exchange hands on a given day and today's volume is recorded at 55947. 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 $20.02 area but be careful because the stock may face selling pressure at this level.
Shares of Kinross Gold Corporation (KGC) fell by 2.06% or $-0.20/share to $9.53. In the past year, the shares have traded as low as $9.63 and as high as $18.05. On average, 9510460 shares of KGC exchange hands on a given day and today's volume is recorded at 2977445. 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 $10.67 area but be careful because the stock may face selling pressure at this level.
Shares of Advantage Oil & Gas Ltd. (AAV) fell by 3.27% or $-0.11/share to $3.25. In the past year, the shares have traded as low as $3.28 and as high as $9.29. On average, 494340 shares of AAV exchange hands on a given day and today's volume is recorded at 129425. 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.
Shares of MDC Partners Inc. (MDCA) fell by 2.6% or $-0.30/share to $11.25. In the past year, the shares have traded as low as $11.34 and as high as $20.40. On average, 129060 shares of MDCA exchange hands on a given day and today's volume is recorded at 28991. 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 $12.98 area but be careful because the stock may face selling pressure at this level.
