Stocks falling to new 52 week lows on April 4 are Newmont Mining Corp, Kaydon Corporation, Apollo Group Inc, Gold Fields Ltd, and Telefonica, 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 Newmont Mining Corp. (NEM) fell by 2.94% or $-1.48/share to $48.86. In the past year, the shares have traded as low as $49.84 and as high as $71.58. On average, 6806350 shares of NEM exchange hands on a given day and today's volume is recorded at 3917268. 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 $57.47 area but be careful because the stock may face selling pressure at this level.
Shares of Kaydon Corporation (KDN) fell by 2.94% or $-0.73/share to $24.25. In the past year, the shares have traded as low as $24.85 and as high as $39.14. On average, 363450 shares of KDN exchange hands on a given day and today's volume is recorded at 183135. 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 $32.39 area where the stock may encounter resistance.
Shares of Apollo Group Inc. (APOL) fell by 3.7% or $-1.40/share to $36.4. In the past year, the shares have traded as low as $37.08 and as high as $58.29. On average, 2538960 shares of APOL exchange hands on a given day and today's volume is recorded at 1518666. 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 $47.20 area but be careful because the stock may face selling pressure at this level.
Shares of Gold Fields Ltd. (GFI) fell by 4.26% or $-0.58/share to $13.04. In the past year, the shares have traded as low as $13.23 and as high as $18.17. On average, 3398440 shares of GFI exchange hands on a given day and today's volume is recorded at 2278548. 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 $15.12 area but be careful because the stock may face selling pressure at this level.
Shares of Telefonica, S.A. (TEF) fell by 2.18% or $-0.35/share to $15.69. In the past year, the shares have traded as low as $15.97 and as high as $24.87. On average, 3270870 shares of TEF exchange hands on a given day and today's volume is recorded at 1777406. 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 $17.05 area but be careful because the stock may face selling pressure at this level.
