Stocks falling to new 52 week lows on June 24 are VimpelCom Ltd, Auxilium Pharmaceuticals Inc, Morgan Stanley, Air Lease Corporation, and United Microelectronics Corporation. 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 VimpelCom Ltd. (VIP) fell by 0.78% or $-0.10/share to $12.78. In the past year, the shares have traded as low as $12.76 and as high as $17.41. On average, 2114950 shares of VIP exchange hands on a given day and today's volume is recorded at 600258. 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 $13.87 area but be careful because the stock may face selling pressure at this level.
Shares of Auxilium Pharmaceuticals Inc. (AUXL) fell by 2.97% or $-0.57/share to $18.65. In the past year, the shares have traded as low as $18.65 and as high as $28.56. On average, 586150 shares of AUXL exchange hands on a given day and today's volume is recorded at 238843. 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 $22.13 area but be careful because the stock may face selling pressure at this level.
Shares of Morgan Stanley (MS) fell by 1.52% or $-0.34/share to $22.01. In the past year, the shares have traded as low as $21.88 and as high as $30.98. On average, 13025910 shares of MS exchange hands on a given day and today's volume is recorded at 8173059. 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 $24.27 area but be careful because the stock may face selling pressure at this level.
Shares of Air Lease Corporation (AL) fell by 2.56% or $-0.64/share to $24.35. In the past year, the shares have traded as low as $24.29 and as high as $29.94. On average, 910760 shares of AL exchange hands on a given day and today's volume is recorded at 461702. 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 $27.34 area but be careful because the stock may face selling pressure at this level.
Shares of United Microelectronics Corporation (UMC) fell by 1.6% or $-0.04/share to $2.46. In the past year, the shares have traded as low as $2.46 and as high as $3.52. On average, 3611640 shares of UMC exchange hands on a given day and today's volume is recorded at 851539. 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 $2.68 area but be careful because the stock may face selling pressure at this level.
