Stocks falling to new 52 week lows on May 30 are Teavana Holdings, Inc, San Juan Basin Royalty Trust, Edwards Group Limited, Research In Motion Limited, and Daktronics 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 Teavana Holdings, Inc. (TEA) fell by 17.91% or $-3.01/share to $13.8. In the past year, the shares have traded as low as $14.28 and as high as $29.35. On average, 236210 shares of TEA exchange hands on a given day and today's volume is recorded at 1181158. 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 $19.66 area but be careful because the stock may face selling pressure at this level.
Shares of San Juan Basin Royalty Trust (SJT) fell by 9.01% or $-1.44/share to $14.54. In the past year, the shares have traded as low as $15.55 and as high as $24.27. On average, 310450 shares of SJT exchange hands on a given day and today's volume is recorded at 681890. 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 $17.70 area but be careful because the stock may face selling pressure at this level.
Shares of Edwards Group Limited (EVAC) fell by 0.66% or $-0.05/share to $7.55. In the past year, the shares have traded as low as $7.59 and as high as $8.69. On average, 242530 shares of EVAC exchange hands on a given day and today's volume is recorded at 15000. 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 $7.91 area but be careful because the stock may face selling pressure at this level.
Shares of Research In Motion Limited (RIMM) fell by 7.48% or $-0.84/share to $10.39. In the past year, the shares have traded as low as $10.57 and as high as $43.58. On average, 19931850 shares of RIMM exchange hands on a given day and today's volume is recorded at 22644298. 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 $12.80 area but be careful because the stock may face selling pressure at this level.
Shares of Daktronics Inc. (DAKT) fell by 7.41% or $-0.54/share to $6.75. In the past year, the shares have traded as low as $6.92 and as high as $11.94. On average, 112920 shares of DAKT exchange hands on a given day and today's volume is recorded at 93713. 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 $8.09 area but be careful because the stock may face selling pressure at this level.
