Stocks falling to new 52 week lows on September 20 are Matson, Inc, Dell Inc, Cardinal Health, Inc, Roundy's, Inc, and Marvell Technology Group 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 Matson, Inc. (MATX) fell by 5.4% or $-1.17/share to $20.48. In the past year, the shares have traded as low as $21.64 and as high as $36.43. On average, 231200 shares of MATX exchange hands on a given day and today's volume is recorded at 161875. 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 $25.67 area but be careful because the stock may face selling pressure at this level.
Shares of Dell Inc. (DELL) remained unchanged at $10.44. In the past year, the shares have traded as low as $10.42 and as high as $18.36. On average, 18897250 shares of DELL exchange hands on a given day and today's volume is recorded at 6091589. 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 $11.55 area but be careful because the stock may face selling pressure at this level.
Shares of Cardinal Health, Inc. (CAH) fell by 0.52% or $-0.20/share to $38.08. In the past year, the shares have traded as low as $37.29 and as high as $45.49. On average, 2974510 shares of CAH exchange hands on a given day and today's volume is recorded at 2636371. 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 $40.38 area but be careful because the stock may face selling pressure at this level.
Shares of Roundy's, Inc. (RNDY) fell by 0.64% or $-0.05/share to $6.99. In the past year, the shares have traded as low as $6.96 and as high as $12.23. On average, 538270 shares of RNDY exchange hands on a given day and today's volume is recorded at 272558. 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 $8.56 area but be careful because the stock may face selling pressure at this level.
Shares of Marvell Technology Group Ltd. (MRVL) fell by 0.59% or $-0.06/share to $10.03. In the past year, the shares have traded as low as $9.92 and as high as $16.68. On average, 10381060 shares of MRVL exchange hands on a given day and today's volume is recorded at 8504118. 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 $10.76 area but be careful because the stock may face selling pressure at this level.
