Stocks falling to new 52 week lows on April 30 are Gafisa S.A, Accretive Health, Inc, Federal-Mogul Corp, Heckmann Corporation, and Merge Healthcare Incorporated. 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 Gafisa S.A. (GFA) fell by 4.07% or $-0.16/share to $3.66. In the past year, the shares have traded as low as $3.79 and as high as $12.27. On average, 3209600 shares of GFA exchange hands on a given day and today's volume is recorded at 894207. 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 $5.13 area but be careful because the stock may face selling pressure at this level.
Shares of Accretive Health, Inc. (AH) traded higher by 0.11% or $0.01/share to $9.34. In the past year, the shares have traded as low as $9.29 and as high as $32.82. On average, 723620 shares of AH exchange hands on a given day and today's volume is recorded at 1416823. 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 $21.65 area but be careful because the stock may face selling pressure at this level.
Shares of Federal-Mogul Corp. (FDML) fell by 1.5% or $-0.20/share to $13.11. In the past year, the shares have traded as low as $12.87 and as high as $27.20. On average, 146130 shares of FDML exchange hands on a given day and today's volume is recorded at 148509. 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 $16.41 area where the stock may encounter resistance.
Shares of Heckmann Corporation (HEK) fell by 7.58% or $-0.31/share to $3.78. In the past year, the shares have traded as low as $3.82 and as high as $7.05. On average, 3619520 shares of HEK exchange hands on a given day and today's volume is recorded at 2463071. 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 $4.56 area but be careful because the stock may face selling pressure at this level.
Shares of Merge Healthcare Incorporated (MRGE) fell by 2.06% or $-0.09/share to $4.27. In the past year, the shares have traded as low as $4.30 and as high as $7.23. On average, 792730 shares of MRGE exchange hands on a given day and today's volume is recorded at 377253. 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 $5.70 area where the stock may encounter resistance.
