Stocks falling to new 52 week lows on April 26 are Brightpoint Inc, Pampa Energia SA, Ceradyne Inc, and Oaktree Capital Group, LLC. 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 Brightpoint Inc. (CELL) traded higher by 0.36% or $0.03/share to $7.01. In the past year, the shares have traded as low as $6.96 and as high as $12.06. On average, 643270 shares of CELL exchange hands on a given day and today's volume is recorded at 150110. 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 $8.30 area but be careful because the stock may face selling pressure at this level.
Shares of Pampa Energia SA (PAM) fell by 0.87% or $-0.06/share to $6.85. In the past year, the shares have traded as low as $6.83 and as high as $16.02. On average, 85660 shares of PAM exchange hands on a given day and today's volume is recorded at 14604. 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 $9.16 area but be careful because the stock may face selling pressure at this level.
Shares of Ceradyne Inc. (CRDN) traded higher by 4.55% or $1.10/share to $25.28. In the past year, the shares have traded as low as $24.17 and as high as $53.30. On average, 212270 shares of CRDN exchange hands on a given day and today's volume is recorded at 359724. 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 $30.33 area where the stock may encounter resistance.
Shares of Oaktree Capital Group, LLC (OAK) fell by 0.23% or $-0.09/share to $39.26. In the past year, the shares have traded as low as $39.30 and as high as $42.55. On average, 1110890 shares of OAK exchange hands on a given day and today's volume is recorded at 29839. 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 $40.13 area but be careful because the stock may face selling pressure at this level.
