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Tuesday, April 10, 2012

Hitting Rock Bottom: (GBG), (PZE), (NPK), (EA), (AH)

Stocks falling to new 52 week lows on April 10 are Great Basin Gold Ltd, Petrobras Argentina SA, National Presto Industries Inc, Electronic Arts Inc, and Accretive Health, 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 Great Basin Gold Ltd. (GBG) traded higher by 0.68% or $0.00/share to $0.63. In the past year, the shares have traded as low as $0.63 and as high as $2.72. On average, 2369970 shares of GBG exchange hands on a given day and today's volume is recorded at 337469. 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 $0.87 area but be careful because the stock may face selling pressure at this level.

Shares of Petrobras Argentina SA (PZE) fell by 0.09% or $-0.01/share to $11.03. In the past year, the shares have traded as low as $11.00 and as high as $23.71. On average, 88410 shares of PZE exchange hands on a given day and today's volume is recorded at 100007. 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 $14.10 area but be careful because the stock may face selling pressure at this level.

Shares of National Presto Industries Inc. (NPK) fell by 1.72% or $-1.23/share to $70.18. In the past year, the shares have traded as low as $71.41 and as high as $105.90. On average, 53460 shares of NPK exchange hands on a given day and today's volume is recorded at 19765. 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 $84.74 area but be careful because the stock may face selling pressure at this level.

Shares of Electronic Arts Inc. (EA) fell by 1.38% or $-0.22/share to $15.68. In the past year, the shares have traded as low as $15.90 and as high as $26.13. On average, 8261020 shares of EA exchange hands on a given day and today's volume is recorded at 2342363. 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 $17.25 area but be careful because the stock may face selling pressure at this level.

Shares of Accretive Health, Inc. (AH) fell by 2.08% or $-0.41/share to $19.07. In the past year, the shares have traded as low as $19.32 and as high as $32.83. On average, 455040 shares of AH exchange hands on a given day and today's volume is recorded at 223860. 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 $24.07 area but be careful because the stock may face selling pressure at this level.