Stocks falling to new 52 week lows on June 16 are Logitech International SA, Nokia Corporation, Hudson City Bancorp, Inc, China Life Insurance Co. Ltd, and Renren Inc. American Depositary. 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 Logitech International SA (LOGI) fell by 0.6% or $-0.07/share to $11.64. In the past year, the shares have traded as low as $11.67 and as high as $23.29. On average, 1831930 shares of LOGI exchange hands on a given day and today's volume is recorded at 569857. 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 $13.16 area but be careful because the stock may face selling pressure at this level.
Shares of Nokia Corporation (NOK) fell by 0.67% or $-0.04/share to $5.91. In the past year, the shares have traded as low as $5.90 and as high as $11.06. On average, 32306820 shares of NOK exchange hands on a given day and today's volume is recorded at 29713143. 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 $7.92 area but be careful because the stock may face selling pressure at this level.
Shares of Hudson City Bancorp, Inc. (HCBK) traded higher by 0.5% or $0.04/share to $8.08. In the past year, the shares have traded as low as $8.03 and as high as $12.97. On average, 4613110 shares of HCBK exchange hands on a given day and today's volume is recorded at 2107044. 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 $9.21 area but be careful because the stock may face selling pressure at this level.
Shares of China Life Insurance Co. Ltd. (LFC) fell by 1.31% or $-0.66/share to $49.61. In the past year, the shares have traded as low as $49.90 and as high as $69.57. On average, 526850 shares of LFC exchange hands on a given day and today's volume is recorded at 233818. 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 $53.03 area but be careful because the stock may face selling pressure at this level.
Shares of Renren Inc. American Depositary (RENN) fell by 1.99% or $-0.15/share to $7.37. In the past year, the shares have traded as low as $7.45 and as high as $24.00. On average, 11448130 shares of RENN exchange hands on a given day and today's volume is recorded at 5439785. 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 $12.62 area but be careful because the stock may face selling pressure at this level.
