Stocks falling to new 52 week lows on May 14 are Cellcom Israel Ltd, Clearwire Corporation, Education Management Corporation, Lone Pine Resources Inc, and New Gold, 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 Cellcom Israel Ltd. (CEL) fell by 7.55% or $-0.86/share to $10.53. In the past year, the shares have traded as low as $11.08 and as high as $28.70. On average, 289510 shares of CEL exchange hands on a given day and today's volume is recorded at 280921. 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 $12.07 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) fell by 1.98% or $-0.03/share to $1.24. In the past year, the shares have traded as low as $1.24 and as high as $4.79. On average, 15725730 shares of CLWR exchange hands on a given day and today's volume is recorded at 3676493. 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 $1.94 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) traded higher by 1.54% or $0.15/share to $9.87. In the past year, the shares have traded as low as $9.65 and as high as $29.90. On average, 218780 shares of EDMC exchange hands on a given day and today's volume is recorded at 56677. 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 $13.84 area but be careful because the stock may face selling pressure at this level.
Shares of Lone Pine Resources Inc. (LPR) fell by 3.91% or $-0.20/share to $4.92. In the past year, the shares have traded as low as $5.10 and as high as $13.09. On average, 403750 shares of LPR exchange hands on a given day and today's volume is recorded at 72137. 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 $6.37 area but be careful because the stock may face selling pressure at this level.
Shares of New Gold, Inc. (NGD) fell by 1.75% or $-0.14/share to $7.86. In the past year, the shares have traded as low as $7.98 and as high as $14.15. On average, 2988190 shares of NGD exchange hands on a given day and today's volume is recorded at 1423913. 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 $9.57 area but be careful because the stock may face selling pressure at this level.
