Stocks falling to new 52 week lows on April 9 are Bill Barrett Corp, GrafTech International Ltd, YPF S.A, Enerplus Corporation, and Heckmann 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 Bill Barrett Corp. (BBG) fell by 1.25% or $-0.30/share to $23.61. In the past year, the shares have traded as low as $23.88 and as high as $52.13. On average, 1242080 shares of BBG exchange hands on a given day and today's volume is recorded at 123544. 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 $27.70 area but be careful because the stock may face selling pressure at this level.
Shares of GrafTech International Ltd. (GTI) fell by 1.99% or $-0.23/share to $11.35. In the past year, the shares have traded as low as $11.51 and as high as $23.63. On average, 1465030 shares of GTI exchange hands on a given day and today's volume is recorded at 426666. 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 $13.79 area but be careful because the stock may face selling pressure at this level.
Shares of YPF S.A. (YPF) fell by 2.04% or $-0.46/share to $22.06. In the past year, the shares have traded as low as $22.30 and as high as $44.42. On average, 1549200 shares of YPF exchange hands on a given day and today's volume is recorded at 153384. 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 $30.26 area but be careful because the stock may face selling pressure at this level.
Shares of Enerplus Corporation (ERF) fell by 3.0% or $-0.62/share to $20.08. In the past year, the shares have traded as low as $20.37 and as high as $30.26. On average, 1336380 shares of ERF exchange hands on a given day and today's volume is recorded at 880319. 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 $23.14 area but be careful because the stock may face selling pressure at this level.
Shares of Heckmann Corporation (HEK) fell by 0.73% or $-0.03/share to $4.08. In the past year, the shares have traded as low as $4.07 and as high as $7.05. On average, 3937320 shares of HEK exchange hands on a given day and today's volume is recorded at 1009072. 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 $4.87 area but be careful because the stock may face selling pressure at this level.
