Stocks falling to new 52 week lows on June 29 are AbitibiBowater Inc. Common Stoc, RDA Microelectronics, Inc, Frontline Ltd, WebMD Health Corp, and Vanguard Health Systems, Inc. C. 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 AbitibiBowater Inc. Common Stoc (ABH) fell by 3.92% or $-0.80/share to $19.61. In the past year, the shares have traded as low as $20.25 and as high as $30.54. On average, 684590 shares of ABH exchange hands on a given day and today's volume is recorded at 690162. 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 $24.33 area but be careful because the stock may face selling pressure at this level.
Shares of RDA Microelectronics, Inc. (RDA) fell by 4.73% or $-0.42/share to $8.46. In the past year, the shares have traded as low as $8.84 and as high as $18.20. On average, 53340 shares of RDA exchange hands on a given day and today's volume is recorded at 17497. 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 $11.36 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) fell by 1.76% or $-0.26/share to $14.49. In the past year, the shares have traded as low as $14.50 and as high as $32.39. On average, 1431460 shares of FRO exchange hands on a given day and today's volume is recorded at 615411. 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 $18.83 area but be careful because the stock may face selling pressure at this level.
Shares of WebMD Health Corp. (WBMD) fell by 1.8% or $-0.81/share to $44.3. In the past year, the shares have traded as low as $44.25 and as high as $58.55. On average, 743270 shares of WBMD exchange hands on a given day and today's volume is recorded at 320847. 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 $49.86 area but be careful because the stock may face selling pressure at this level.
Shares of Vanguard Health Systems, Inc. C (VHS) fell by 0.28% or $-0.05/share to $17.65. In the past year, the shares have traded as low as $17.50 and as high as $18.58. On average, 2769220 shares of VHS exchange hands on a given day and today's volume is recorded at 24215. 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 $17.88 area but be careful because the stock may face selling pressure at this level.
