Stocks falling to new 52 week lows on May 10 are MEMC Electronic Materials Inc, Windstream Corporation, Quality Systems Inc, Cavium, Inc, and Resolute Forest Products. 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 MEMC Electronic Materials Inc. (WFR) fell by 15.69% or $-0.51/share to $2.74. In the past year, the shares have traded as low as $3.20 and as high as $11.36. On average, 6719360 shares of WFR exchange hands on a given day and today's volume is recorded at 8280024. 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 $3.66 area but be careful because the stock may face selling pressure at this level.
Shares of Windstream Corporation (WIN) fell by 10.67% or $-1.20/share to $10.06. In the past year, the shares have traded as low as $10.11 and as high as $12.51. On average, 6162700 shares of WIN exchange hands on a given day and today's volume is recorded at 24698478. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $11.51 area where the stock may encounter resistance.
Shares of Quality Systems Inc. (QSII) fell by 8.23% or $-2.64/share to $29.45. In the past year, the shares have traded as low as $30.54 and as high as $50.24. On average, 516179 shares of QSII exchange hands on a given day and today's volume is recorded at 1507087. 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 $40.89 area but be careful because the stock may face selling pressure at this level.
Shares of Cavium, Inc. (CAVM) fell by 8.3% or $-2.10/share to $23.21. In the past year, the shares have traded as low as $24.20 and as high as $47.29. On average, 1326710 shares of CAVM exchange hands on a given day and today's volume is recorded at 1491595. 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 $30.36 area but be careful because the stock may face selling pressure at this level.
Shares of Resolute Forest Products (ABH) fell by 0.17% or $-0.02/share to $11.5. In the past year, the shares have traded as low as $11.48 and as high as $27.00. On average, 227390 shares of ABH exchange hands on a given day and today's volume is recorded at 154160. 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 $13.99 area but be careful because the stock may face selling pressure at this level.
