Stocks falling to new 52 week lows on April 25 are Extorre Gold Mines Limited, and DeVry, 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 Extorre Gold Mines Limited (XG) traded higher by 3.23% or $0.13/share to $4.16. In the past year, the shares have traded as low as $3.98 and as high as $15.42. On average, 130330 shares of XG exchange hands on a given day and today's volume is recorded at 57131. 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 $6.69 area but be careful because the stock may face selling pressure at this level.
Shares of DeVry, Inc. (DV) fell by 2.04% or $-0.63/share to $30.28. In the past year, the shares have traded as low as $30.09 and as high as $66.56. On average, 900920 shares of DV exchange hands on a given day and today's volume is recorded at 708485. 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 $34.64 area but be careful because the stock may face selling pressure at this level.
