Stocks falling to new 52 week lows on May 3 are BBVA Banco Frances S.A, Goldcorp Inc, Research In Motion Limited, Ctrip.com International Ltd, and Golden Star Resources, Ltd. 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 BBVA Banco Frances S.A. (BFR) fell by 4.53% or $-0.21/share to $4.53. In the past year, the shares have traded as low as $4.69 and as high as $10.60. On average, 135000 shares of BFR exchange hands on a given day and today's volume is recorded at 60522. 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 $5.76 area but be careful because the stock may face selling pressure at this level.
Shares of Goldcorp Inc. (GG) fell by 4.15% or $-1.58/share to $36.52. In the past year, the shares have traded as low as $37.77 and as high as $55.92. On average, 5606520 shares of GG exchange hands on a given day and today's volume is recorded at 3059301. 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 $43.94 area but be careful because the stock may face selling pressure at this level.
Shares of Research In Motion Limited (RIMM) fell by 5.86% or $-0.75/share to $12.05. In the past year, the shares have traded as low as $12.45 and as high as $48.71. On average, 19704960 shares of RIMM exchange hands on a given day and today's volume is recorded at 19217680. 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 $13.64 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 3.17% or $-0.65/share to $19.86. In the past year, the shares have traded as low as $20.41 and as high as $49.49. On average, 3062370 shares of CTRP exchange hands on a given day and today's volume is recorded at 1176583. 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 $22.96 area but be careful because the stock may face selling pressure at this level.
Shares of Golden Star Resources, Ltd. (GSS) fell by 3.33% or $-0.05/share to $1.45. In the past year, the shares have traded as low as $1.48 and as high as $3.12. On average, 1946300 shares of GSS exchange hands on a given day and today's volume is recorded at 597925. 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 $1.75 area but be careful because the stock may face selling pressure at this level.
