Stocks falling to new 52 week lows on April 26 are MetroPCS Communications, Inc, NII Holdings Inc, Green Plains Renewable Energy, Inc, Grupo Prisa SA, and SkyWest 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 MetroPCS Communications, Inc. (PCS) fell by 9.45% or $-0.75/share to $7.19. In the past year, the shares have traded as low as $7.51 and as high as $18.79. On average, 5400140 shares of PCS exchange hands on a given day and today's volume is recorded at 9822768. 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 $9.55 area but be careful because the stock may face selling pressure at this level.
Shares of NII Holdings Inc. (NIHD) fell by 17.38% or $-3.26/share to $15.5. In the past year, the shares have traded as low as $15.88 and as high as $44.21. On average, 3368720 shares of NIHD exchange hands on a given day and today's volume is recorded at 8608787. 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 $18.85 area but be careful because the stock may face selling pressure at this level.
Shares of Green Plains Renewable Energy, Inc. (GPRE) fell by 7.26% or $-0.65/share to $8.3. In the past year, the shares have traded as low as $8.34 and as high as $12.80. On average, 300340 shares of GPRE exchange hands on a given day and today's volume is recorded at 779868. 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 $10.41 area where the stock may encounter resistance.
Shares of Grupo Prisa SA (PRIS) fell by 4.29% or $-0.09/share to $2.01. In the past year, the shares have traded as low as $2.10 and as high as $11.55. On average, 27240 shares of PRIS exchange hands on a given day and today's volume is recorded at 16285. 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 $3.42 area but be careful because the stock may face selling pressure at this level.
Shares of SkyWest Inc. (SKYW) fell by 4.11% or $-0.39/share to $9.09. In the past year, the shares have traded as low as $9.45 and as high as $16.71. On average, 252690 shares of SKYW exchange hands on a given day and today's volume is recorded at 133089. 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 $11.11 area but be careful because the stock may face selling pressure at this level.
