Stocks falling to new 52 week lows on May 29 are LRR Energy, L.P, Suntech Power Holdings Co. Ltd, MakeMyTrip Limited, ExactTarget, Inc, and AeroVironment, 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 LRR Energy, L.P. (LRE) fell by 4.72% or $-0.77/share to $15.6. In the past year, the shares have traded as low as $15.78 and as high as $21.59. On average, 113930 shares of LRE exchange hands on a given day and today's volume is recorded at 154040. 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 $18.39 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) fell by 2.25% or $-0.04/share to $1.74. In the past year, the shares have traded as low as $1.70 and as high as $8.50. On average, 2197150 shares of STP exchange hands on a given day and today's volume is recorded at 1280333. 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 $2.64 area but be careful because the stock may face selling pressure at this level.
Shares of MakeMyTrip Limited (MMYT) fell by 1.95% or $-0.28/share to $14.07. In the past year, the shares have traded as low as $14.20 and as high as $33.90. On average, 127170 shares of MMYT exchange hands on a given day and today's volume is recorded at 93969. 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 $19.99 area but be careful because the stock may face selling pressure at this level.
Shares of ExactTarget, Inc. (ET) fell by 0.83% or $-0.17/share to $20.43. In the past year, the shares have traded as low as $20.34 and as high as $29.88. On average, 488820 shares of ET exchange hands on a given day and today's volume is recorded at 233261. 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 $24.84 area but be careful because the stock may face selling pressure at this level.
Shares of AeroVironment, Inc. (AVAV) traded higher by 0.14% or $0.03/share to $21.56. In the past year, the shares have traded as low as $21.40 and as high as $36.49. On average, 267140 shares of AVAV exchange hands on a given day and today's volume is recorded at 220956. 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 $24.75 area but be careful because the stock may face selling pressure at this level.
