Stocks falling to new 52 week lows on May 15 are Telefonica, S.A, Alpha Natural Resources, Inc, Matador Resources Company, Millennial Media Inc, and Enerplus Corporation. 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 Telefonica, S.A. (TEF) fell by 8.78% or $-1.22/share to $12.67. In the past year, the shares have traded as low as $13.88 and as high as $23.55. On average, 4026400 shares of TEF exchange hands on a given day and today's volume is recorded at 3141099. 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 $15.57 area but be careful because the stock may face selling pressure at this level.
Shares of Alpha Natural Resources, Inc. (ANR) fell by 8.21% or $-1.08/share to $12.08. In the past year, the shares have traded as low as $13.00 and as high as $55.21. On average, 13033900 shares of ANR exchange hands on a given day and today's volume is recorded at 13194297. 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 $15.55 area but be careful because the stock may face selling pressure at this level.
Shares of Matador Resources Company (MTDR) fell by 2.72% or $-0.28/share to $10.02. In the past year, the shares have traded as low as $10.06 and as high as $12.33. On average, 214240 shares of MTDR exchange hands on a given day and today's volume is recorded at 145579. 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 $11.21 area but be careful because the stock may face selling pressure at this level.
Shares of Millennial Media Inc. (MM) fell by 9.0% or $-1.39/share to $14.06. In the past year, the shares have traded as low as $14.38 and as high as $27.90. On average, 1179020 shares of MM exchange hands on a given day and today's volume is recorded at 833667. 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 $18.77 area but be careful because the stock may face selling pressure at this level.
Shares of Enerplus Corporation (ERF) fell by 4.61% or $-0.71/share to $14.68. In the past year, the shares have traded as low as $15.33 and as high as $29.84. On average, 1663290 shares of ERF exchange hands on a given day and today's volume is recorded at 1732845. 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 $20.12 area but be careful because the stock may face selling pressure at this level.
