Stocks falling to new 52 week lows on March 29 are Deckers Outdoor Corp, Baker Hughes Incorporated, AngloGold Ashanti Ltd, Banco Bradesco Sa American Depo, and Cloud Peak Energy 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 Deckers Outdoor Corp. (DECK) fell by 2.59% or $-1.66/share to $62.37. In the past year, the shares have traded as low as $63.04 and as high as $118.89. On average, 2237060 shares of DECK exchange hands on a given day and today's volume is recorded at 792695. 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 $77.94 area but be careful because the stock may face selling pressure at this level.
Shares of Baker Hughes Incorporated (BHI) fell by 1.18% or $-0.48/share to $40.34. In the past year, the shares have traded as low as $40.65 and as high as $80.37. On average, 7638590 shares of BHI exchange hands on a given day and today's volume is recorded at 3878881. 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 $48.44 area but be careful because the stock may face selling pressure at this level.
Shares of AngloGold Ashanti Ltd. (AU) fell by 0.9% or $-0.33/share to $36.14. In the past year, the shares have traded as low as $36.39 and as high as $51.08. On average, 1792570 shares of AU exchange hands on a given day and today's volume is recorded at 888370. 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 $42.08 area but be careful because the stock may face selling pressure at this level.
Shares of Banco Bradesco Sa American Depo (BBDO) fell by 0.66% or $-0.10/share to $15.02. In the past year, the shares have traded as low as $15.12 and as high as $16.89. On average, 14950 shares of BBDO exchange hands on a given day and today's volume is recorded at 19800. 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 $15.58 area but be careful because the stock may face selling pressure at this level.
Shares of Cloud Peak Energy Inc. (CLD) fell by 2.71% or $-0.44/share to $15.82. In the past year, the shares have traded as low as $15.91 and as high as $24.34. On average, 1263140 shares of CLD exchange hands on a given day and today's volume is recorded at 418481. 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 $18.02 area but be careful because the stock may face selling pressure at this level.
