Stocks falling to new 52 week lows on May 14 are Northern Dynasty Minerals Ltd, Braskem S.A, Enerplus Corporation, Silver Standard Resources Inc, and Partner Communications Company 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 Northern Dynasty Minerals Ltd. (NAK) fell by 2.07% or $-0.09/share to $4.17. In the past year, the shares have traded as low as $4.19 and as high as $12.97. On average, 156920 shares of NAK exchange hands on a given day and today's volume is recorded at 111705. 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 $5.73 area but be careful because the stock may face selling pressure at this level.
Shares of Braskem S.A. (BAK) fell by 3.61% or $-0.46/share to $12.27. In the past year, the shares have traded as low as $12.64 and as high as $30.88. On average, 490080 shares of BAK exchange hands on a given day and today's volume is recorded at 158308. 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 $15.30 area but be careful because the stock may face selling pressure at this level.
Shares of Enerplus Corporation (ERF) fell by 4.78% or $-0.77/share to $15.33. In the past year, the shares have traded as low as $16.02 and as high as $29.85. On average, 1617090 shares of ERF exchange hands on a given day and today's volume is recorded at 1140254. 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 $20.28 area but be careful because the stock may face selling pressure at this level.
Shares of Silver Standard Resources Inc. (SSRI) fell by 2.1% or $-0.25/share to $11.66. In the past year, the shares have traded as low as $11.83 and as high as $31.75. On average, 929380 shares of SSRI exchange hands on a given day and today's volume is recorded at 347608. 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 $14.28 area but be careful because the stock may face selling pressure at this level.
Shares of Partner Communications Company Ltd. (PTNR) fell by 5.63% or $-0.39/share to $6.54. In the past year, the shares have traded as low as $6.75 and as high as $17.86. On average, 142710 shares of PTNR exchange hands on a given day and today's volume is recorded at 26841. 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 $7.36 area but be careful because the stock may face selling pressure at this level.
