Stocks falling to new 52 week lows on June 27 are Zhongpin, Inc, Universal Forest Products Inc, DreamWorks Animation SKG Inc, Lone Pine Resources Inc. Common, and E-Commerce China Dangdang Inc. . 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 Zhongpin, Inc. (HOGS) fell by 2.55% or $-0.28/share to $10.7. In the past year, the shares have traded as low as $10.26 and as high as $25.00. On average, 706980 shares of HOGS exchange hands on a given day and today's volume is recorded at 3176308. 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 $14.60 area but be careful because the stock may face selling pressure at this level.
Shares of Universal Forest Products Inc. (UFPI) fell by 9.71% or $-2.56/share to $23.8. In the past year, the shares have traded as low as $25.43 and as high as $39.57. On average, 93980 shares of UFPI exchange hands on a given day and today's volume is recorded at 420331. 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 $29.54 area but be careful because the stock may face selling pressure at this level.
Shares of DreamWorks Animation SKG Inc. (DWA) fell by 4.2% or $-0.88/share to $20.08. In the past year, the shares have traded as low as $20.90 and as high as $37.74. On average, 1120540 shares of DWA exchange hands on a given day and today's volume is recorded at 2662355. 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 $24.40 area but be careful because the stock may face selling pressure at this level.
Shares of Lone Pine Resources Inc. Common (LPR) fell by 3.05% or $-0.34/share to $10.8. In the past year, the shares have traded as low as $11.06 and as high as $13.09. On average, 327660 shares of LPR exchange hands on a given day and today's volume is recorded at 267850. 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 $12.04 area but be careful because the stock may face selling pressure at this level.
Shares of E-Commerce China Dangdang Inc. (DANG) fell by 0.48% or $-0.05/share to $10.39. In the past year, the shares have traded as low as $10.35 and as high as $36.41. On average, 2780660 shares of DANG exchange hands on a given day and today's volume is recorded at 5139777. 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 $18.75 area but be careful because the stock may face selling pressure at this level.
