Stocks falling to new 52 week lows on June 20 are ReneSola Ltd, LinkedIn Corporation Class A Co, Phoenix New Media Limited Ameri, AU Optronics Corp, and Tata Communications Limited. 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 ReneSola Ltd. (SOL) fell by 8.52% or $-0.42/share to $4.51. In the past year, the shares have traded as low as $4.82 and as high as $15.34. On average, 3410320 shares of SOL exchange hands on a given day and today's volume is recorded at 2996285. 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 $7.77 area but be careful because the stock may face selling pressure at this level.
Shares of LinkedIn Corporation Class A Co (LNKD) fell by 6.0% or $-3.93/share to $61.6. In the past year, the shares have traded as low as $65.10 and as high as $122.71. On average, 3555770 shares of LNKD exchange hands on a given day and today's volume is recorded at 633415. 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 $80.85 area but be careful because the stock may face selling pressure at this level.
Shares of Phoenix New Media Limited Ameri (FENG) fell by 8.43% or $-0.84/share to $9.1. In the past year, the shares have traded as low as $9.33 and as high as $13.89. On average, 241130 shares of FENG exchange hands on a given day and today's volume is recorded at 116780. 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 $11.75 area but be careful because the stock may face selling pressure at this level.
Shares of AU Optronics Corp. (AUO) fell by 4.39% or $-0.31/share to $6.75. In the past year, the shares have traded as low as $7.05 and as high as $10.87. On average, 2657910 shares of AUO exchange hands on a given day and today's volume is recorded at 1899806. 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 $8.12 area but be careful because the stock may face selling pressure at this level.
Shares of Tata Communications Limited (TCL) fell by 5.79% or $-0.52/share to $8.46. In the past year, the shares have traded as low as $8.78 and as high as $15.39. On average, 55270 shares of TCL exchange hands on a given day and today's volume is recorded at 53799. 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 $10.27 area but be careful because the stock may face selling pressure at this level.
