Stocks falling to new 52 week lows on May 9 are Alumina Ltd, Eldorado Gold Corp, Resolute Forest Products, FTI Consulting, Inc, and First Solar, 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 Alumina Ltd. (AWC) fell by 3.97% or $-0.16/share to $3.87. In the past year, the shares have traded as low as $3.95 and as high as $9.89. On average, 313640 shares of AWC exchange hands on a given day and today's volume is recorded at 243822. 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 $4.99 area but be careful because the stock may face selling pressure at this level.
Shares of Eldorado Gold Corp. (EGO) traded higher by 1.37% or $0.16/share to $11.83. In the past year, the shares have traded as low as $11.65 and as high as $21.98. On average, 4206010 shares of EGO exchange hands on a given day and today's volume is recorded at 2324358. 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 $13.75 area but be careful because the stock may face selling pressure at this level.
Shares of Resolute Forest Products (ABH) fell by 3.64% or $-0.44/share to $11.66. In the past year, the shares have traded as low as $12.03 and as high as $27.00. On average, 226770 shares of ABH exchange hands on a given day and today's volume is recorded at 54974. 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 $14.07 area but be careful because the stock may face selling pressure at this level.
Shares of FTI Consulting, Inc. (FCN) fell by 6.29% or $-2.21/share to $32.9. In the past year, the shares have traded as low as $33.46 and as high as $45.00. On average, 551350 shares of FCN exchange hands on a given day and today's volume is recorded at 1084519. 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 $37.82 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) fell by 0.24% or $-0.04/share to $16.5. In the past year, the shares have traded as low as $16.48 and as high as $142.24. On average, 6713540 shares of FSLR exchange hands on a given day and today's volume is recorded at 2269582. 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 $23.72 area but be careful because the stock may face selling pressure at this level.
