Stocks falling to new 52 week lows on May 22 are Centrais Electricas Brasileiras S.A, Edgen Group Inc, Partner Communications Company Ltd, Peabody Energy Corp, and Nippon Telegraph & Telephone Corp. 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 Centrais Electricas Brasileiras S.A. (EBR) fell by 2.37% or $-0.16/share to $6.59. In the past year, the shares have traded as low as $6.72 and as high as $13.01. On average, 1102120 shares of EBR exchange hands on a given day and today's volume is recorded at 751944. 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 $8.12 area but be careful because the stock may face selling pressure at this level.
Shares of Edgen Group Inc. (EDG) fell by 3.32% or $-0.25/share to $7.29. In the past year, the shares have traded as low as $7.41 and as high as $9.45. On average, 392360 shares of EDG exchange hands on a given day and today's volume is recorded at 74660. 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 $8.31 area but be careful because the stock may face selling pressure at this level.
Shares of Partner Communications Company Ltd. (PTNR) fell by 5.05% or $-0.26/share to $4.89. In the past year, the shares have traded as low as $4.94 and as high as $17.16. On average, 162110 shares of PTNR exchange hands on a given day and today's volume is recorded at 108447. 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 $7.14 area but be careful because the stock may face selling pressure at this level.
Shares of Peabody Energy Corp. (BTU) fell by 4.73% or $-1.16/share to $23.45. In the past year, the shares have traded as low as $23.64 and as high as $62.53. On average, 7958470 shares of BTU exchange hands on a given day and today's volume is recorded at 6265923. 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 $29.17 area but be careful because the stock may face selling pressure at this level.
Shares of Nippon Telegraph & Telephone Corp. (NTT) fell by 1.36% or $-0.30/share to $21.42. In the past year, the shares have traded as low as $21.63 and as high as $26.31. On average, 552500 shares of NTT exchange hands on a given day and today's volume is recorded at 119914. 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 $22.48 area but be careful because the stock may face selling pressure at this level.
