Stocks falling to new 52 week lows on May 4 are Federal-Mogul Corp, Modine Manufacturing Company, Arch Coal Inc, Ivanhoe Mines Ltd, and Education Management Corporation. 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 Federal-Mogul Corp. (FDML) fell by 3.34% or $-0.41/share to $11.87. In the past year, the shares have traded as low as $12.24 and as high as $26.30. On average, 156830 shares of FDML exchange hands on a given day and today's volume is recorded at 55691. 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 $16.08 area but be careful because the stock may face selling pressure at this level.
Shares of Modine Manufacturing Company (MOD) fell by 3.31% or $-0.24/share to $7.01. In the past year, the shares have traded as low as $7.22 and as high as $17.22. On average, 363800 shares of MOD exchange hands on a given day and today's volume is recorded at 116041. 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 $8.49 area but be careful because the stock may face selling pressure at this level.
Shares of Arch Coal Inc. (ACI) fell by 4.14% or $-0.34/share to $7.88. In the past year, the shares have traded as low as $8.10 and as high as $31.57. On average, 11144840 shares of ACI exchange hands on a given day and today's volume is recorded at 4190791. 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 $11.08 area but be careful because the stock may face selling pressure at this level.
Shares of Ivanhoe Mines Ltd. (IVN) fell by 2.63% or $-0.29/share to $10.72. In the past year, the shares have traded as low as $10.95 and as high as $27.50. On average, 3308680 shares of IVN exchange hands on a given day and today's volume is recorded at 745491. 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 $15.23 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) fell by 2.15% or $-0.24/share to $10.9. In the past year, the shares have traded as low as $11.12 and as high as $29.90. On average, 222430 shares of EDMC exchange hands on a given day and today's volume is recorded at 34521. 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 $14.79 area but be careful because the stock may face selling pressure at this level.
