Stocks falling to new 52 week lows on June 13 are MagnaChip Semiconductor, Perfect World Co., Ltd, Apollo Global Management, LLC, Oclaro, Inc, and Alliance One International, 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 MagnaChip Semiconductor (MX) fell by 1.27% or $-0.15/share to $11.7. In the past year, the shares have traded as low as $11.77 and as high as $15.56. On average, 196510 shares of MX exchange hands on a given day and today's volume is recorded at 21164. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $14.02 area where the stock may encounter resistance.
Shares of Perfect World Co., Ltd. (PWRD) fell by 3.79% or $-0.77/share to $19.45. In the past year, the shares have traded as low as $19.70 and as high as $34.39. On average, 562880 shares of PWRD exchange hands on a given day and today's volume is recorded at 295687. 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 $24.46 area but be careful because the stock may face selling pressure at this level.
Shares of Apollo Global Management, LLC (APO) fell by 1.15% or $-0.18/share to $15.46. In the past year, the shares have traded as low as $15.48 and as high as $18.77. On average, 1368750 shares of APO exchange hands on a given day and today's volume is recorded at 65184. 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 $17.74 area but be careful because the stock may face selling pressure at this level.
Shares of Oclaro, Inc. (OCLR) fell by 1.47% or $-0.11/share to $7.35. In the past year, the shares have traded as low as $7.42 and as high as $18.95. On average, 1757600 shares of OCLR exchange hands on a given day and today's volume is recorded at 291795. 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 $10.19 area but be careful because the stock may face selling pressure at this level.
Shares of Alliance One International, Inc. (AOI) fell by 9.66% or $-0.34/share to $3.18. In the past year, the shares have traded as low as $3.17 and as high as $4.83. On average, 455580 shares of AOI exchange hands on a given day and today's volume is recorded at 297901. 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 $3.92 area but be careful because the stock may face selling pressure at this level.
