Stocks falling to new 52 week lows on April 10 are AngloGold Ashanti Ltd, Pandora Media, Inc, AVEO Pharmaceuticals, Inc, OPNET Technologies Inc, and MDC Partners 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 AngloGold Ashanti Ltd. (AU) fell by 4.11% or $-1.40/share to $32.67. In the past year, the shares have traded as low as $33.84 and as high as $51.09. On average, 1923590 shares of AU exchange hands on a given day and today's volume is recorded at 1856784. 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 $40.93 area but be careful because the stock may face selling pressure at this level.
Shares of Pandora Media, Inc. (P) fell by 4.87% or $-0.45/share to $8.73. In the past year, the shares have traded as low as $9.03 and as high as $25.99. On average, 2998790 shares of P exchange hands on a given day and today's volume is recorded at 2286818. 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 $12.04 area but be careful because the stock may face selling pressure at this level.
Shares of AVEO Pharmaceuticals, Inc. (AVEO) fell by 4.89% or $-0.60/share to $11.67. In the past year, the shares have traded as low as $12.00 and as high as $21.55. On average, 275570 shares of AVEO exchange hands on a given day and today's volume is recorded at 134670. 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 $13.01 area but be careful because the stock may face selling pressure at this level.
Shares of OPNET Technologies Inc. (OPNT) fell by 3.59% or $-1.00/share to $26.85. In the past year, the shares have traded as low as $27.64 and as high as $47.63. On average, 264840 shares of OPNT exchange hands on a given day and today's volume is recorded at 53411. 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 $30.56 area but be careful because the stock may face selling pressure at this level.
Shares of MDC Partners Inc. (MDCA) fell by 2.24% or $-0.23/share to $10.06. In the past year, the shares have traded as low as $10.27 and as high as $20.40. On average, 158600 shares of MDCA exchange hands on a given day and today's volume is recorded at 90696. 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 $12.66 area but be careful because the stock may face selling pressure at this level.
