Stocks falling to new 52 week lows on April 27 are InterMune Inc, InterDigital, Inc, NII Holdings Inc, Chesapeake Energy Corporation, and First Solar, 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 InterMune Inc. (ITMN) fell by 19.52% or $-2.43/share to $10.02. In the past year, the shares have traded as low as $10.67 and as high as $50.99. On average, 1877170 shares of ITMN exchange hands on a given day and today's volume is recorded at 4928392. 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 $13.65 area but be careful because the stock may face selling pressure at this level.
Shares of InterDigital, Inc. (IDCC) fell by 3.92% or $-1.10/share to $26.93. In the past year, the shares have traded as low as $27.89 and as high as $81.88. On average, 823880 shares of IDCC exchange hands on a given day and today's volume is recorded at 851595. 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 $35.59 area but be careful because the stock may face selling pressure at this level.
Shares of NII Holdings Inc. (NIHD) fell by 3.13% or $-0.45/share to $13.96. In the past year, the shares have traded as low as $14.12 and as high as $44.22. On average, 3585270 shares of NIHD exchange hands on a given day and today's volume is recorded at 2231450. 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 $18.68 area but be careful because the stock may face selling pressure at this level.
Shares of Chesapeake Energy Corporation (CHK) traded higher by 0.57% or $0.10/share to $17.66. In the past year, the shares have traded as low as $17.03 and as high as $35.34. On average, 18507320 shares of CHK exchange hands on a given day and today's volume is recorded at 22367384. 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 $22.69 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) traded higher by 0.44% or $0.08/share to $18.39. In the past year, the shares have traded as low as $18.05 and as high as $145.15. On average, 6377590 shares of FSLR exchange hands on a given day and today's volume is recorded at 1574930. 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 $27.13 area but be careful because the stock may face selling pressure at this level.
