Stocks falling to new 52 week lows on April 27 are SkyWest Inc, Pampa Energia SA, and Education Management 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 SkyWest Inc. (SKYW) fell by 1.03% or $-0.09/share to $8.68. In the past year, the shares have traded as low as $8.71 and as high as $16.71. On average, 259010 shares of SKYW exchange hands on a given day and today's volume is recorded at 88646. 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 $11.02 area but be careful because the stock may face selling pressure at this level.
Shares of Pampa Energia SA (PAM) fell by 1.34% or $-0.09/share to $6.62. In the past year, the shares have traded as low as $6.57 and as high as $16.02. On average, 87670 shares of PAM exchange hands on a given day and today's volume is recorded at 15900. 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 $9.08 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) traded higher by 0.83% or $0.10/share to $12.1. In the past year, the shares have traded as low as $11.90 and as high as $29.90. On average, 221780 shares of EDMC exchange hands on a given day and today's volume is recorded at 56038. 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 $15.45 area but be careful because the stock may face selling pressure at this level.
