Beverly Hills, CA -- (ReleaseWire) -- 10/17/2012 -- http://www.52WeekLowStock.com provides its subscribers with a free newsletter that reports up to the minute information and exclusive charts on cheap, undervalued, hidden, and undiscovered stocks making new lows in the United States that can bounce.
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Stocks struggled for direction Wednesday and IBM dropped 5%, as investors digested a stronger-than-expected housing starts report against weakness in techs.
The New 52-Week Low indicates a stock is trading at its lowest price in the past 52 weeks. This is an important indicator for many investors in determining the current value of a stock or predicting a trend in a stock’s performance. One popular strategy employed by stock traders is to purchase companies hitting new lows, hoping it is going to bounce back for a quick profit. Here are several stocks hitting new lows today that 52 Week Low Stock is watching.
WGI Holdings, Inc (PINK:WGIH) The company is in the Cloud Computing industry. The stock has been smashed today, down over 50% hitting a new low today of .0004 even though the company did have decent news on Tuesday. The stock is being monitored as a bounce play. When shares are in this price range the upside can be tremendous.
ITT Educational Services, Inc. (NYSE:ESI) is a provider of postsecondary degree programs in the United States. As of December 31, 2011, the Company offered master, bachelor and associate degree programs to approximately 73,000 students. The stock hit a new low today of $27.72.
Satcon Technology Corporation (NASDAQ:SATC) is a clean energy technology provider of utility-grade power conversion solutions for the renewable energy market, primarily the large-scale commercial and utility-scale solar photovoltaic (PV) markets. The stock is down over 70% today, its being monitored for a dead cat bounce.
Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), is a biopharmaceutical company focused on the development and commercialization of products for central nervous system disorders. The stock hit a new low of $3.78 today.
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