Stocks falling to new 52 week lows on July 16 are Thompson Creek Metals Company Inc, Sohu.com Inc, Education Management Corporation, Research In Motion Limited, and Ctrip.com International 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 Thompson Creek Metals Company Inc. (TC) fell by 2.82% or $-0.08/share to $2.76. In the past year, the shares have traded as low as $2.83 and as high as $10.13. On average, 3281370 shares of TC exchange hands on a given day and today's volume is recorded at 1940209. 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 $3.59 area but be careful because the stock may face selling pressure at this level.
Shares of Sohu.com Inc. (SOHU) fell by 4.05% or $-1.58/share to $37.41. In the past year, the shares have traded as low as $38.30 and as high as $90.36. On average, 711610 shares of SOHU exchange hands on a given day and today's volume is recorded at 599818. 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 $43.55 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) fell by 0.77% or $-0.04/share to $5.15. In the past year, the shares have traded as low as $5.15 and as high as $29.91. On average, 289610 shares of EDMC exchange hands on a given day and today's volume is recorded at 78826. 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 $7.68 area but be careful because the stock may face selling pressure at this level.
Shares of Research In Motion Limited (RIMM) fell by 3.24% or $-0.23/share to $7.01. In the past year, the shares have traded as low as $7.07 and as high as $33.51. On average, 20252900 shares of RIMM exchange hands on a given day and today's volume is recorded at 20855932. 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 $10.09 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 1.79% or $-0.27/share to $14.79. In the past year, the shares have traded as low as $14.98 and as high as $47.54. On average, 2464550 shares of CTRP exchange hands on a given day and today's volume is recorded at 1875711. 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 $17.82 area but be careful because the stock may face selling pressure at this level.
