Stocks falling to new 52 week lows on July 12 are Education Management Corporation, Thompson Creek Metals Company Inc, Meritor, Inc, Forest Oil Corp, and Gran Tierra Energy, 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 Education Management Corporation (EDMC) fell by 5.01% or $-0.28/share to $5.31. In the past year, the shares have traded as low as $5.51 and as high as $29.90. On average, 292970 shares of EDMC exchange hands on a given day and today's volume is recorded at 211478. 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 $7.96 area but be careful because the stock may face selling pressure at this level.
Shares of Thompson Creek Metals Company Inc. (TC) fell by 5.79% or $-0.18/share to $2.93. In the past year, the shares have traded as low as $3.06 and as high as $10.23. On average, 3224340 shares of TC exchange hands on a given day and today's volume is recorded at 3962148. 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 $3.71 area but be careful because the stock may face selling pressure at this level.
Shares of Meritor, Inc. (MTOR) fell by 1.31% or $-0.06/share to $4.51. In the past year, the shares have traded as low as $4.51 and as high as $16.50. On average, 1499230 shares of MTOR exchange hands on a given day and today's volume is recorded at 2597695. 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 $5.39 area but be careful because the stock may face selling pressure at this level.
Shares of Forest Oil Corp. (FST) fell by 4.83% or $-0.29/share to $5.72. In the past year, the shares have traded as low as $5.98 and as high as $27.19. On average, 4783340 shares of FST exchange hands on a given day and today's volume is recorded at 7572462. 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 $8.29 area but be careful because the stock may face selling pressure at this level.
Shares of Gran Tierra Energy, Inc. (GTE) fell by 4.55% or $-0.20/share to $4.2. In the past year, the shares have traded as low as $4.20 and as high as $7.27. On average, 699350 shares of GTE exchange hands on a given day and today's volume is recorded at 1554832. 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 $5.03 area but be careful because the stock may face selling pressure at this level.
