Stocks falling to new 52 week lows on July 31 are AVX Corp, CARBO Ceramics Inc, Cementos Pacasmayo SAA, Harte-Hanks Inc, and Resolute Forest Products 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 AVX Corp. (AVX) fell by 5.76% or $-0.60/share to $9.81. In the past year, the shares have traded as low as $10.00 and as high as $14.07. On average, 210700 shares of AVX exchange hands on a given day and today's volume is recorded at 252512. 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 $10.64 area but be careful because the stock may face selling pressure at this level.
Shares of CARBO Ceramics Inc. (CRR) fell by 3.01% or $-1.97/share to $63.56. In the past year, the shares have traded as low as $64.83 and as high as $162.18. On average, 415080 shares of CRR exchange hands on a given day and today's volume is recorded at 206562. 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 $77.83 area but be careful because the stock may face selling pressure at this level.
Shares of Cementos Pacasmayo SAA (CPAC) fell by 2.02% or $-0.20/share to $9.7. In the past year, the shares have traded as low as $9.76 and as high as $12.77. On average, 48060 shares of CPAC exchange hands on a given day and today's volume is recorded at 65300. 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 $10.60 area but be careful because the stock may face selling pressure at this level.
Shares of Harte-Hanks Inc. (HHS) fell by 1.26% or $-0.08/share to $6.25. In the past year, the shares have traded as low as $6.31 and as high as $10.04. On average, 160820 shares of HHS exchange hands on a given day and today's volume is recorded at 86580. 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 $8.36 area but be careful because the stock may face selling pressure at this level.
Shares of Resolute Forest Products Inc. (RFP) fell by 0.87% or $-0.08/share to $9.11. In the past year, the shares have traded as low as $9.18 and as high as $18.59. On average, 603450 shares of RFP exchange hands on a given day and today's volume is recorded at 427415. 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 $11.29 area but be careful because the stock may face selling pressure at this level.
