Some key support levels coming up here. Might not be a good idea to try to catch a falling knife but I'm keeping my eye on the next key support levels
Web.com Group Inc. (NASDAQ: WWWW) dropped nearly 2.5% today to post a new 52-week low of $18.68. The stock traded about 30% below the average daily volume of around 940,000 and the 52-week high is $37.72. The company posted a new low on August 1st and again yesterday. Ratings cuts and lower price targets spawned the early low, but there has been no big news since. Shares are down nearly 25% for the month of August.
Read more: The 52-Week Low Club for Friday - 24/7 Wall St. 247wallst.com/invest...w-club-for-friday-4/
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Web.com Group Inc. (NASDAQ: WWWW) dropped nearly 2.5% today to post a new 52-week low of $18.68. The stock traded about 30% below the average daily volume of around 940,000 and the 52-week high is $37.72. The company posted a new low on August 1st and again yesterday. Ratings cuts and lower price targets spawned the early low, but there has been no big news since. Shares are down nearly 25% for the month of August.
Read more: The 52-Week Low Club for Friday - 24/7 Wall St. 247wallst.com/invest...w-club-for-friday-4/
Follow us: @247wallst on Twitter | 247wallst on Facebook