Stocks falling to new 52 week lows on May 2 are Vonage Holdings Corporation, Arch Coal Inc, CEVA Inc, Keynote Systems Inc, and Accretive Health, 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 Vonage Holdings Corporation (VG) fell by 6.34% or $-0.13/share to $1.92. In the past year, the shares have traded as low as $1.96 and as high as $5.39. On average, 2470410 shares of VG exchange hands on a given day and today's volume is recorded at 1866600. 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 $2.21 area but be careful because the stock may face selling pressure at this level.
Shares of Arch Coal Inc. (ACI) fell by 7.59% or $-0.70/share to $8.52. In the past year, the shares have traded as low as $9.05 and as high as $34.19. On average, 10795560 shares of ACI exchange hands on a given day and today's volume is recorded at 13123407. 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 $11.30 area but be careful because the stock may face selling pressure at this level.
Shares of CEVA Inc. (CEVA) fell by 15.59% or $-3.52/share to $19.06. In the past year, the shares have traded as low as $20.17 and as high as $35.60. On average, 302120 shares of CEVA exchange hands on a given day and today's volume is recorded at 731846. 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 $22.85 area but be careful because the stock may face selling pressure at this level.
Shares of Keynote Systems Inc. (KEYN) fell by 12.5% or $-2.22/share to $15.54. In the past year, the shares have traded as low as $15.78 and as high as $25.78. On average, 108350 shares of KEYN exchange hands on a given day and today's volume is recorded at 350020. 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 $19.05 area but be careful because the stock may face selling pressure at this level.
Shares of Accretive Health, Inc. (AH) fell by 2.94% or $-0.27/share to $8.91. In the past year, the shares have traded as low as $9.10 and as high as $32.82. On average, 814710 shares of AH exchange hands on a given day and today's volume is recorded at 1019015. 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 $21.06 area but be careful because the stock may face selling pressure at this level.
