Stocks falling to new 52 week lows on April 10 are Enerplus Corporation, SkyWest Inc, Vonage Holdings Corporation, Bill Barrett Corp, and Partner Communications Company Ltd. 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 Enerplus Corporation (ERF) fell by 3.18% or $-0.63/share to $19.2. In the past year, the shares have traded as low as $19.70 and as high as $30.26. On average, 1374920 shares of ERF exchange hands on a given day and today's volume is recorded at 1452762. 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 $23.08 area but be careful because the stock may face selling pressure at this level.
Shares of SkyWest Inc. (SKYW) fell by 3.5% or $-0.37/share to $10.19. In the past year, the shares have traded as low as $10.40 and as high as $16.70. On average, 225390 shares of SKYW exchange hands on a given day and today's volume is recorded at 62365. 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 $11.87 area but be careful because the stock may face selling pressure at this level.
Shares of Vonage Holdings Corporation (VG) fell by 3.79% or $-0.08/share to $2.03. In the past year, the shares have traded as low as $2.04 and as high as $5.39. On average, 2421920 shares of VG exchange hands on a given day and today's volume is recorded at 1500876. 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 $2.38 area but be careful because the stock may face selling pressure at this level.
Shares of Bill Barrett Corp. (BBG) fell by 3.29% or $-0.77/share to $22.66. In the past year, the shares have traded as low as $23.17 and as high as $52.13. On average, 1254780 shares of BBG exchange hands on a given day and today's volume is recorded at 301304. 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 $27.62 area but be careful because the stock may face selling pressure at this level.
Shares of Partner Communications Company Ltd. (PTNR) fell by 2.41% or $-0.17/share to $6.92. In the past year, the shares have traded as low as $7.01 and as high as $18.45. On average, 263210 shares of PTNR exchange hands on a given day and today's volume is recorded at 55255. 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 $7.85 area but be careful because the stock may face selling pressure at this level.
