Stocks falling to new 52 week lows on June 8 are Sims Metal Management Limited, Higher One Inc, Bill Barrett Corp, GenOn Energy, Inc, and Quicksilver Resources 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 Sims Metal Management Limited (SMS) fell by 2.69% or $-0.27/share to $9.75. In the past year, the shares have traded as low as $9.88 and as high as $19.01. On average, 68510 shares of SMS exchange hands on a given day and today's volume is recorded at 25510. 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 $13.47 area but be careful because the stock may face selling pressure at this level.
Shares of Higher One Inc. (ONE) fell by 1.35% or $-0.15/share to $10.98. In the past year, the shares have traded as low as $10.90 and as high as $21.50. On average, 384650 shares of ONE exchange hands on a given day and today's volume is recorded at 86978. 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 $14.75 area but be careful because the stock may face selling pressure at this level.
Shares of Bill Barrett Corp. (BBG) fell by 2.6% or $-0.46/share to $17.24. In the past year, the shares have traded as low as $17.55 and as high as $52.13. On average, 1462800 shares of BBG exchange hands on a given day and today's volume is recorded at 397676. 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 $22.17 area but be careful because the stock may face selling pressure at this level.
Shares of GenOn Energy, Inc. (GEN) fell by 4.76% or $-0.08/share to $1.6. In the past year, the shares have traded as low as $1.63 and as high as $4.14. On average, 6440600 shares of GEN exchange hands on a given day and today's volume is recorded at 4695327. 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 $1.97 area but be careful because the stock may face selling pressure at this level.
Shares of Quicksilver Resources Inc. (KWK) fell by 6.82% or $-0.26/share to $3.55. In the past year, the shares have traded as low as $3.60 and as high as $15.41. On average, 4162430 shares of KWK exchange hands on a given day and today's volume is recorded at 2477639. 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 $4.37 area but be careful because the stock may face selling pressure at this level.
