Stocks falling to new 52 week lows on June 15 are Nokia Corporation, Golden Star Resources, Ltd, Gafisa S.A, Hewlett-Packard Company, and Oclaro, 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 Nokia Corporation (NOK) fell by 4.23% or $-0.26/share to $5.99. In the past year, the shares have traded as low as $6.10 and as high as $11.05. On average, 31931880 shares of NOK exchange hands on a given day and today's volume is recorded at 45991944. 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 $7.96 area but be careful because the stock may face selling pressure at this level.
Shares of Golden Star Resources, Ltd. (GSS) fell by 3.39% or $-0.08/share to $2.28. In the past year, the shares have traded as low as $2.33 and as high as $6.01. On average, 3216390 shares of GSS exchange hands on a given day and today's volume is recorded at 1974579. 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 $2.81 area but be careful because the stock may face selling pressure at this level.
Shares of Gafisa S.A. (GFA) fell by 1.88% or $-0.19/share to $9.94. In the past year, the shares have traded as low as $10.08 and as high as $17.82. On average, 3819310 shares of GFA exchange hands on a given day and today's volume is recorded at 980129. 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 $11.55 area but be careful because the stock may face selling pressure at this level.
Shares of Hewlett-Packard Company (HPQ) fell by 1.41% or $-0.49/share to $34.24. In the past year, the shares have traded as low as $34.60 and as high as $49.12. On average, 19393520 shares of HPQ exchange hands on a given day and today's volume is recorded at 8593325. 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 $38.68 area but be careful because the stock may face selling pressure at this level.
Shares of Oclaro, Inc. (OCLR) fell by 4.74% or $-0.36/share to $7.23. In the past year, the shares have traded as low as $7.30 and as high as $18.95. On average, 1701970 shares of OCLR exchange hands on a given day and today's volume is recorded at 414831. 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 $10.04 area but be careful because the stock may face selling pressure at this level.
