Stocks falling to new 52 week lows on April 12 are Nokia Corporation, France Telecom, Diamond Foods, Inc, Education Management Corporation, and Etablissements Delhaize Freres et Cie Le Lion S.A. 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 Nokia Corporation (NOK) fell by 4.01% or $-0.17/share to $4.07. In the past year, the shares have traded as low as $4.20 and as high as $8.87. On average, 34503420 shares of NOK exchange hands on a given day and today's volume is recorded at 22488068. 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 $5.22 area but be careful because the stock may face selling pressure at this level.
Shares of France Telecom (FTE) fell by 1.09% or $-0.15/share to $13.66. In the past year, the shares have traded as low as $13.68 and as high as $21.45. On average, 1600030 shares of FTE exchange hands on a given day and today's volume is recorded at 635561. 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 $14.99 area but be careful because the stock may face selling pressure at this level.
Shares of Diamond Foods, Inc. (DMND) fell by 1.03% or $-0.22/share to $21.11. In the past year, the shares have traded as low as $21.25 and as high as $95.91. On average, 2513410 shares of DMND exchange hands on a given day and today's volume is recorded at 161250. 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 $25.72 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) fell by 1.88% or $-0.25/share to $13.04. In the past year, the shares have traded as low as $13.09 and as high as $29.90. On average, 212650 shares of EDMC exchange hands on a given day and today's volume is recorded at 35441. 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 $17.44 area but be careful because the stock may face selling pressure at this level.
Shares of Etablissements Delhaize Freres et Cie Le Lion S.A. (DEG) fell by 0.02% or $-0.01/share to $48.85. In the past year, the shares have traded as low as $48.49 and as high as $86.20. On average, 43090 shares of DEG exchange hands on a given day and today's volume is recorded at 15830. 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 $53.86 area but be careful because the stock may face selling pressure at this level.
