Stocks falling to new 52 week lows on June 16 are Harbin Electric, Inc, Oclaro, Inc, Phoenix New Media Limited Ameri, National Bank of Greece SA, and Thermon Group Holdings, Inc. Co. 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 Harbin Electric, Inc. (HRBN) fell by 24.48% or $-3.50/share to $10.8. In the past year, the shares have traded as low as $13.34 and as high as $25.05. On average, 937020 shares of HRBN exchange hands on a given day and today's volume is recorded at 2971564. 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 $17.73 area but be careful because the stock may face selling pressure at this level.
Shares of Oclaro, Inc. (OCLR) fell by 3.3% or $-0.23/share to $6.74. In the past year, the shares have traded as low as $6.89 and as high as $18.95. On average, 1695840 shares of OCLR exchange hands on a given day and today's volume is recorded at 1962802. 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 $9.96 area but be careful because the stock may face selling pressure at this level.
Shares of Phoenix New Media Limited Ameri (FENG) fell by 5.65% or $-0.63/share to $10.52. In the past year, the shares have traded as low as $10.91 and as high as $13.89. On average, 249770 shares of FENG exchange hands on a given day and today's volume is recorded at 72720. 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 $11.90 area but be careful because the stock may face selling pressure at this level.
Shares of National Bank of Greece SA (NBG) fell by 2.42% or $-0.03/share to $1.21. In the past year, the shares have traded as low as $1.22 and as high as $3.23. On average, 4318040 shares of NBG exchange hands on a given day and today's volume is recorded at 8846215. 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 $1.49 area but be careful because the stock may face selling pressure at this level.
Shares of Thermon Group Holdings, Inc. Co (THR) traded higher by 0.86% or $0.10/share to $11.68. In the past year, the shares have traded as low as $11.42 and as high as $13.14. On average, 289540 shares of THR exchange hands on a given day and today's volume is recorded at 15500. 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 $12.40 area but be careful because the stock may face selling pressure at this level.
