Stocks falling to new 52 week lows on May 31 are Alpha Natural Resources, Inc, Arch Coal Inc, Higher One Inc, Education Management Corporation, and Banco Macro S.A. 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 Alpha Natural Resources, Inc. (ANR) fell by 5.79% or $-0.62/share to $10.16. In the past year, the shares have traded as low as $10.76 and as high as $55.19. On average, 13653740 shares of ANR exchange hands on a given day and today's volume is recorded at 6042448. 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 $14.44 area but be careful because the stock may face selling pressure at this level.
Shares of Arch Coal Inc. (ACI) fell by 7.24% or $-0.50/share to $6.41. In the past year, the shares have traded as low as $6.77 and as high as $29.65. On average, 12641550 shares of ACI exchange hands on a given day and today's volume is recorded at 6448004. 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 $9.30 area but be careful because the stock may face selling pressure at this level.
Shares of Higher One Inc. (ONE) fell by 6.7% or $-0.95/share to $13.23. In the past year, the shares have traded as low as $13.79 and as high as $21.50. On average, 379890 shares of ONE exchange hands on a given day and today's volume is recorded at 207247. 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 $15.32 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) fell by 3.26% or $-0.26/share to $7.71. In the past year, the shares have traded as low as $7.92 and as high as $29.90. On average, 226150 shares of EDMC exchange hands on a given day and today's volume is recorded at 61414. 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 $12.02 area but be careful because the stock may face selling pressure at this level.
Shares of Banco Macro S.A. (BMA) fell by 4.04% or $-0.53/share to $12.6. In the past year, the shares have traded as low as $12.93 and as high as $40.35. On average, 190510 shares of BMA exchange hands on a given day and today's volume is recorded at 90050. 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 $16.42 area but be careful because the stock may face selling pressure at this level.
