Stocks falling to new 52 week lows on May 23 are Dell Inc, Proofpoint, Inc, China Lodging Group, Limited, Hugoton Royalty Trust, and GOL Linhas A. 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 Dell Inc. (DELL) fell by 17.81% or $-2.69/share to $12.4. In the past year, the shares have traded as low as $13.29 and as high as $18.37. On average, 16018590 shares of DELL exchange hands on a given day and today's volume is recorded at 58581360. 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 $15.82 area where the stock may encounter resistance.
Shares of Proofpoint, Inc. (PFPT) fell by 0.99% or $-0.13/share to $12.94. In the past year, the shares have traded as low as $12.90 and as high as $17.11. On average, 440520 shares of PFPT exchange hands on a given day and today's volume is recorded at 64467. 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 $13.59 area but be careful because the stock may face selling pressure at this level.
Shares of China Lodging Group, Limited (HTHT) fell by 6.47% or $-0.76/share to $10.98. In the past year, the shares have traded as low as $11.55 and as high as $19.45. On average, 173320 shares of HTHT exchange hands on a given day and today's volume is recorded at 65541. 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 $12.61 area but be careful because the stock may face selling pressure at this level.
Shares of Hugoton Royalty Trust (HGT) fell by 10.83% or $-0.83/share to $6.84. In the past year, the shares have traded as low as $7.21 and as high as $22.60. On average, 386550 shares of HGT exchange hands on a given day and today's volume is recorded at 1893504. 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 $13.65 area but be careful because the stock may face selling pressure at this level.
Shares of GOL Linhas A (GOL) fell by 4.68% or $-0.21/share to $4.28. In the past year, the shares have traded as low as $4.47 and as high as $13.47. On average, 1560650 shares of GOL exchange hands on a given day and today's volume is recorded at 1579076. 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 $6.08 area but be careful because the stock may face selling pressure at this level.
