Stocks falling to new 52 week lows on May 10 are Ctrip.com International Ltd, Pitney Bowes Inc, FTI Consulting, Inc, Arkansas Best Corporation, and Riverbed Technology, 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 Ctrip.com International Ltd. (CTRP) fell by 2.61% or $-0.51/share to $19.0. In the past year, the shares have traded as low as $19.30 and as high as $49.49. On average, 3067050 shares of CTRP exchange hands on a given day and today's volume is recorded at 548500. 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 $22.41 area but be careful because the stock may face selling pressure at this level.
Shares of Pitney Bowes Inc. (PBI) fell by 2.36% or $-0.36/share to $14.89. In the past year, the shares have traded as low as $15.11 and as high as $23.46. On average, 3299380 shares of PBI exchange hands on a given day and today's volume is recorded at 1232060. 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 $17.47 area but be careful because the stock may face selling pressure at this level.
Shares of FTI Consulting, Inc. (FCN) fell by 0.31% or $-0.10/share to $31.95. In the past year, the shares have traded as low as $31.97 and as high as $45.00. On average, 598500 shares of FCN exchange hands on a given day and today's volume is recorded at 726555. 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 $37.65 area but be careful because the stock may face selling pressure at this level.
Shares of Arkansas Best Corporation (ABFS) fell by 1.29% or $-0.18/share to $13.74. In the past year, the shares have traded as low as $13.89 and as high as $27.27. On average, 322020 shares of ABFS exchange hands on a given day and today's volume is recorded at 71963. 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 $17.81 area but be careful because the stock may face selling pressure at this level.
Shares of Riverbed Technology, Inc. (RVBD) fell by 4.18% or $-0.75/share to $17.08. In the past year, the shares have traded as low as $17.15 and as high as $41.84. On average, 4037590 shares of RVBD exchange hands on a given day and today's volume is recorded at 1580918. 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 $25.11 area but be careful because the stock may face selling pressure at this level.
