Stocks falling to new 52 week lows on April 30 are Deckers Outdoor Corp, Shoe Carnival Inc, InterDigital, Inc, LDK Solar Co., Ltd, and RadioShack Corp. 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 Deckers Outdoor Corp. (DECK) fell by 2.86% or $-1.48/share to $50.35. In the past year, the shares have traded as low as $51.03 and as high as $118.89. On average, 2344780 shares of DECK exchange hands on a given day and today's volume is recorded at 2154625. 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 $69.71 area but be careful because the stock may face selling pressure at this level.
Shares of Shoe Carnival Inc. (SCVL) fell by 34.81% or $-10.47/share to $19.61. In the past year, the shares have traded as low as $19.19 and as high as $34.05. On average, 74860 shares of SCVL exchange hands on a given day and today's volume is recorded at 22015. 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 $26.49 area where the stock may encounter resistance.
Shares of InterDigital, Inc. (IDCC) fell by 2.2% or $-0.60/share to $26.73. In the past year, the shares have traded as low as $26.78 and as high as $81.89. On average, 824260 shares of IDCC exchange hands on a given day and today's volume is recorded at 523395. 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 $35.39 area but be careful because the stock may face selling pressure at this level.
Shares of LDK Solar Co., Ltd. (LDK) fell by 0.02% or $-0.00/share to $2.96. In the past year, the shares have traded as low as $2.55 and as high as $11.73. On average, 1685480 shares of LDK exchange hands on a given day and today's volume is recorded at 1733818. 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 $4.38 area but be careful because the stock may face selling pressure at this level.
Shares of RadioShack Corp. (RSH) fell by 1.68% or $-0.09/share to $5.27. In the past year, the shares have traded as low as $5.27 and as high as $15.70. On average, 5529360 shares of RSH exchange hands on a given day and today's volume is recorded at 3163998. 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 $6.48 area but be careful because the stock may face selling pressure at this level.
