Stocks falling to new 52 week lows on June 28 are Companhia Siderurgica Nacional, Midstates Petroleum Company, Inc, Symantec Corporation, Silicon Image, Inc, and WebMD Health Corp. 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 Companhia Siderurgica Nacional (SID) fell by 1.87% or $-0.10/share to $5.25. In the past year, the shares have traded as low as $5.27 and as high as $12.15. On average, 5088560 shares of SID exchange hands on a given day and today's volume is recorded at 1745762. 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 $6.98 area but be careful because the stock may face selling pressure at this level.
Shares of Midstates Petroleum Company, Inc. (MPO) fell by 3.08% or $-0.30/share to $9.45. In the past year, the shares have traded as low as $9.45 and as high as $16.95. On average, 587030 shares of MPO exchange hands on a given day and today's volume is recorded at 78298. 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 $13.68 area but be careful because the stock may face selling pressure at this level.
Shares of Symantec Corporation (SYMC) fell by 2.08% or $-0.29/share to $13.88. In the past year, the shares have traded as low as $13.96 and as high as $20.01. On average, 8289350 shares of SYMC exchange hands on a given day and today's volume is recorded at 2214255. 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 Silicon Image, Inc. (SIMG) fell by 1.76% or $-0.07/share to $3.9. In the past year, the shares have traded as low as $3.90 and as high as $7.27. On average, 1272170 shares of SIMG exchange hands on a given day and today's volume is recorded at 473824. 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 $4.62 area but be careful because the stock may face selling pressure at this level.
Shares of WebMD Health Corp. (WBMD) fell by 1.36% or $-0.28/share to $20.3. In the past year, the shares have traded as low as $20.51 and as high as $49.24. On average, 653490 shares of WBMD exchange hands on a given day and today's volume is recorded at 70743. 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 $22.05 area but be careful because the stock may face selling pressure at this level.
