Stocks falling to new 52 week lows on March 28 are Acme Packet, Inc, Alliant Techsystems Inc, AngloGold Ashanti Ltd, and Kaydon Corporation. 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 Acme Packet, Inc. (APKT) fell by 4.52% or $-1.20/share to $25.25. In the past year, the shares have traded as low as $25.19 and as high as $84.48. On average, 3284980 shares of APKT exchange hands on a given day and today's volume is recorded at 1341638. 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 $30.56 area but be careful because the stock may face selling pressure at this level.
Shares of Alliant Techsystems Inc. (ATK) fell by 0.85% or $-0.43/share to $50.38. In the past year, the shares have traded as low as $50.59 and as high as $75.26. On average, 269770 shares of ATK exchange hands on a given day and today's volume is recorded at 59600. 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 $57.78 area but be careful because the stock may face selling pressure at this level.
Shares of AngloGold Ashanti Ltd. (AU) fell by 3.64% or $-1.39/share to $36.79. In the past year, the shares have traded as low as $36.91 and as high as $51.08. On average, 1760770 shares of AU exchange hands on a given day and today's volume is recorded at 946703. 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 $42.23 area but be careful because the stock may face selling pressure at this level.
Shares of Kaydon Corporation (KDN) fell by 1.45% or $-0.38/share to $25.91. In the past year, the shares have traded as low as $25.83 and as high as $39.44. On average, 329150 shares of KDN exchange hands on a given day and today's volume is recorded at 207510. 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 $32.86 area where the stock may encounter resistance.
