Stocks falling to new 52 week lows on June 21 are Sandridge Mississippian Trust II, Deckers Outdoor Corp, Kaydon Corporation, and Bebe Stores, 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 Sandridge Mississippian Trust II (SDR) fell by 1.16% or $-0.22/share to $18.42. In the past year, the shares have traded as low as $18.22 and as high as $23.62. On average, 728640 shares of SDR exchange hands on a given day and today's volume is recorded at 60694. 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 $20.73 area but be careful because the stock may face selling pressure at this level.
Shares of Deckers Outdoor Corp. (DECK) fell by 0.96% or $-0.45/share to $46.66. In the past year, the shares have traded as low as $46.86 and as high as $118.91. On average, 1904260 shares of DECK exchange hands on a given day and today's volume is recorded at 551530. 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 $56.01 area but be careful because the stock may face selling pressure at this level.
Shares of Kaydon Corporation (KDN) fell by 1.95% or $-0.42/share to $21.09. In the past year, the shares have traded as low as $21.20 and as high as $38.57. On average, 359550 shares of KDN exchange hands on a given day and today's volume is recorded at 70340. 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 $22.98 area but be careful because the stock may face selling pressure at this level.
Shares of Bebe Stores, Inc. (BEBE) fell by 2.45% or $-0.14/share to $5.58. In the past year, the shares have traded as low as $5.59 and as high as $9.54. On average, 366770 shares of BEBE exchange hands on a given day and today's volume is recorded at 82972. 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 $6.89 area but be careful because the stock may face selling pressure at this level.
