Stocks falling to new 52 week lows on May 10 are Tumi Holdings, Inc, GT Advanced Technologies Inc, U.S. Silica Holdings, Inc, Consolidated Graphics, Inc, and INTL FCStone 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 Tumi Holdings, Inc. (TUMI) fell by 2.89% or $-0.65/share to $21.84. In the past year, the shares have traded as low as $22.28 and as high as $28.70. On average, 2172470 shares of TUMI exchange hands on a given day and today's volume is recorded at 322537. 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 $24.86 area but be careful because the stock may face selling pressure at this level.
Shares of GT Advanced Technologies Inc. (GTAT) fell by 2.88% or $-0.17/share to $5.73. In the past year, the shares have traded as low as $5.90 and as high as $17.50. On average, 2612910 shares of GTAT exchange hands on a given day and today's volume is recorded at 1357724. 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 $7.57 area but be careful because the stock may face selling pressure at this level.
Shares of U.S. Silica Holdings, Inc. (SLCA) fell by 1.91% or $-0.29/share to $14.86. In the past year, the shares have traded as low as $14.76 and as high as $22.14. On average, 385700 shares of SLCA exchange hands on a given day and today's volume is recorded at 120864. 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 $18.02 area where the stock may encounter resistance.
Shares of Consolidated Graphics, Inc. (CGX) fell by 2.5% or $-0.75/share to $29.28. In the past year, the shares have traded as low as $29.76 and as high as $59.02. On average, 82510 shares of CGX exchange hands on a given day and today's volume is recorded at 85667. 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 $43.20 area but be careful because the stock may face selling pressure at this level.
Shares of INTL FCStone Inc. (INTL) fell by 5.6% or $-1.16/share to $19.57. In the past year, the shares have traded as low as $19.75 and as high as $27.34. On average, 71980 shares of INTL exchange hands on a given day and today's volume is recorded at 97660. 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 $21.46 area but be careful because the stock may face selling pressure at this level.
