Stocks falling to new 52 week lows on May 7 are Bottomline Technologies Inc, IAMGOLD Corp, Global Power Equipment Group Inc, Coeur d'Alene Mines Corporation, and Alumina 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 Bottomline Technologies Inc. (EPAY) fell by 13.87% or $-3.12/share to $19.38. In the past year, the shares have traded as low as $17.73 and as high as $29.90. On average, 196980 shares of EPAY exchange hands on a given day and today's volume is recorded at 924187. 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 $24.12 area where the stock may encounter resistance.
Shares of IAMGOLD Corp. (IAG) fell by 2.0% or $-0.23/share to $11.28. In the past year, the shares have traded as low as $11.49 and as high as $23.70. On average, 2722650 shares of IAG exchange hands on a given day and today's volume is recorded at 1440839. 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 $13.24 area but be careful because the stock may face selling pressure at this level.
Shares of Global Power Equipment Group Inc. (GLPW) fell by 2.64% or $-0.55/share to $20.28. In the past year, the shares have traded as low as $20.68 and as high as $30.18. On average, 48940 shares of GLPW exchange hands on a given day and today's volume is recorded at 20549. 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 $24.79 area where the stock may encounter resistance.
Shares of Coeur d'Alene Mines Corporation (CDE) fell by 1.92% or $-0.38/share to $19.43. In the past year, the shares have traded as low as $19.30 and as high as $30.99. On average, 1504240 shares of CDE exchange hands on a given day and today's volume is recorded at 906419. 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 $23.81 area but be careful because the stock may face selling pressure at this level.
Shares of Alumina Ltd. (AWC) fell by 2.95% or $-0.13/share to $4.28. In the past year, the shares have traded as low as $4.36 and as high as $9.89. On average, 305570 shares of AWC exchange hands on a given day and today's volume is recorded at 195815. 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 $5.04 area but be careful because the stock may face selling pressure at this level.
