Stocks falling to new 52 week lows on April 23 are Lake Shore Gold Corp, Grupo Prisa SA, Cresud Sociedad An, Quicksilver Resources Inc, and Rubicon Minerals Corporation. 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 Lake Shore Gold Corp. (LSG) fell by 6.82% or $-0.06/share to $0.82. In the past year, the shares have traded as low as $0.87 and as high as $4.37. On average, 370530 shares of LSG exchange hands on a given day and today's volume is recorded at 342330. 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 $1.28 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Prisa SA (PRIS) fell by 13.31% or $-0.33/share to $2.15. In the past year, the shares have traded as low as $2.28 and as high as $11.55. On average, 27310 shares of PRIS exchange hands on a given day and today's volume is recorded at 21364. 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 $3.56 area but be careful because the stock may face selling pressure at this level.
Shares of Cresud Sociedad An (CRESY) fell by 13.66% or $-1.40/share to $8.85. In the past year, the shares have traded as low as $9.30 and as high as $17.38. On average, 141620 shares of CRESY exchange hands on a given day and today's volume is recorded at 406343. 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 $12.31 area but be careful because the stock may face selling pressure at this level.
Shares of Quicksilver Resources Inc. (KWK) fell by 5.66% or $-0.22/share to $3.67. In the past year, the shares have traded as low as $3.88 and as high as $15.41. On average, 4219870 shares of KWK exchange hands on a given day and today's volume is recorded at 1611232. 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 $5.20 area but be careful because the stock may face selling pressure at this level.
Shares of Rubicon Minerals Corporation (RBY) fell by 3.58% or $-0.10/share to $2.7. In the past year, the shares have traded as low as $2.80 and as high as $5.33. On average, 952880 shares of RBY exchange hands on a given day and today's volume is recorded at 531305. 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 $3.40 area but be careful because the stock may face selling pressure at this level.
