Stocks falling to new 52 week lows on May 17 are Navistar International Corporation, TETRA Technologies Inc, Tumi Holdings, Inc, Alpha Natural Resources, Inc, and Noah Holdings Limited. 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 Navistar International Corporation (NAV) fell by 1.55% or $-0.44/share to $27.97. In the past year, the shares have traded as low as $28.29 and as high as $68.98. On average, 1465280 shares of NAV exchange hands on a given day and today's volume is recorded at 497914. 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 $36.90 area but be careful because the stock may face selling pressure at this level.
Shares of TETRA Technologies Inc. (TTI) fell by 3.03% or $-0.20/share to $6.39. In the past year, the shares have traded as low as $6.59 and as high as $14.16. On average, 699450 shares of TTI exchange hands on a given day and today's volume is recorded at 160527. 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 $8.74 area but be careful because the stock may face selling pressure at this level.
Shares of Tumi Holdings, Inc. (TUMI) fell by 4.69% or $-0.96/share to $19.49. In the past year, the shares have traded as low as $19.95 and as high as $28.70. On average, 1881760 shares of TUMI exchange hands on a given day and today's volume is recorded at 339710. 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 $23.94 area but be careful because the stock may face selling pressure at this level.
Shares of Alpha Natural Resources, Inc. (ANR) remained unchanged at $11.4. In the past year, the shares have traded as low as $11.38 and as high as $55.21. On average, 13493530 shares of ANR exchange hands on a given day and today's volume is recorded at 6318276. 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 $15.37 area but be careful because the stock may face selling pressure at this level.
Shares of Noah Holdings Limited (NOAH) fell by 4.73% or $-0.26/share to $5.24. In the past year, the shares have traded as low as $5.31 and as high as $15.64. On average, 127480 shares of NOAH exchange hands on a given day and today's volume is recorded at 30350. 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 $7.51 area but be careful because the stock may face selling pressure at this level.
