Stocks falling to new 52 week lows on June 7 are The Talbots Inc, The Governor and Company of The Bank of Ireland, Noah Holdings Limited, E-COMMERCE CHINA DANGDANG INC, and 21Vianet Group 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 The Talbots Inc. (TLB) fell by 39.37% or $-1.74/share to $2.68. In the past year, the shares have traded as low as $4.26 and as high as $14.43. On average, 3324830 shares of TLB exchange hands on a given day and today's volume is recorded at 26546796. 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 $7.89 area where the stock may encounter resistance.
Shares of The Governor and Company of The Bank of Ireland (IRE) fell by 4.14% or $-0.06/share to $1.3. In the past year, the shares have traded as low as $1.32 and as high as $4.85. On average, 4064360 shares of IRE exchange hands on a given day and today's volume is recorded at 5645572. 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 $2.51 area where the stock may encounter resistance.
Shares of Noah Holdings Limited (NOAH) fell by 8.55% or $-0.98/share to $10.44. In the past year, the shares have traded as low as $11.01 and as high as $20.69. On average, 147300 shares of NOAH exchange hands on a given day and today's volume is recorded at 204167. 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 $16.30 area where the stock may encounter resistance.
Shares of E-COMMERCE CHINA DANGDANG INC. (DANG) fell by 7.26% or $-1.19/share to $15.2. In the past year, the shares have traded as low as $16.22 and as high as $36.40. On average, 2341950 shares of DANG exchange hands on a given day and today's volume is recorded at 3826351. 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 $24.38 area where the stock may encounter resistance.
Shares of 21Vianet Group Inc. (VNET) fell by 5.29% or $-0.57/share to $10.2. In the past year, the shares have traded as low as $10.60 and as high as $22.33. On average, 1479510 shares of VNET exchange hands on a given day and today's volume is recorded at 739899. 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 $13.95 area but be careful because the stock may face selling pressure at this level.
