Stocks falling to new 52 week lows on July 16 are Quantum Corporation, Alpha Natural Resources, Inc, Clear Channel Outdoor Holdings Inc, Gardner Denver Inc, and Green Mountain Coffee Roasters 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 Quantum Corporation (QTM) fell by 7.41% or $-0.10/share to $1.25. In the past year, the shares have traded as low as $1.34 and as high as $3.30. On average, 1410420 shares of QTM exchange hands on a given day and today's volume is recorded at 2930584. 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 Alpha Natural Resources, Inc. (ANR) fell by 9.7% or $-0.74/share to $6.89. In the past year, the shares have traded as low as $7.17 and as high as $47.22. On average, 14190140 shares of ANR exchange hands on a given day and today's volume is recorded at 22251908. 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 $10.12 area but be careful because the stock may face selling pressure at this level.
Shares of Clear Channel Outdoor Holdings Inc. (CCO) fell by 2.86% or $-0.15/share to $5.1. In the past year, the shares have traded as low as $4.99 and as high as $8.58. On average, 385620 shares of CCO exchange hands on a given day and today's volume is recorded at 203750. 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 $6.31 area but be careful because the stock may face selling pressure at this level.
Shares of Gardner Denver Inc. (GDI) fell by 8.62% or $-4.55/share to $48.23. In the past year, the shares have traded as low as $47.74 and as high as $92.66. On average, 746430 shares of GDI exchange hands on a given day and today's volume is recorded at 4451238. 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 $54.16 area but be careful because the stock may face selling pressure at this level.
Shares of Green Mountain Coffee Roasters Inc. (GMCR) fell by 6.85% or $-1.35/share to $18.35. In the past year, the shares have traded as low as $19.22 and as high as $115.99. On average, 7605450 shares of GMCR exchange hands on a given day and today's volume is recorded at 7268284. 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 $23.08 area but be careful because the stock may face selling pressure at this level.
