Stocks falling to new 52 week lows on July 13 are Barclays PLC, Bank of America Corporation, Logitech International SA, Companhia Siderurgica Nacional, and KBW 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 Barclays PLC (BCS) traded higher by 1.23% or $0.18/share to $14.78. In the past year, the shares have traded as low as $14.57 and as high as $21.56. On average, 2646290 shares of BCS exchange hands on a given day and today's volume is recorded at 2399387. 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 $17.15 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 1.0% or $0.10/share to $10.31. In the past year, the shares have traded as low as $10.20 and as high as $15.67. On average, 145136860 shares of BAC exchange hands on a given day and today's volume is recorded at 81402576. 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 $11.27 area but be careful because the stock may face selling pressure at this level.
Shares of Logitech International SA (LOGI) fell by 1.05% or $-0.11/share to $10.35. In the past year, the shares have traded as low as $10.21 and as high as $23.29. On average, 1613700 shares of LOGI exchange hands on a given day and today's volume is recorded at 1003186. 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 $12.06 area but be careful because the stock may face selling pressure at this level.
Shares of Companhia Siderurgica Nacional (SID) traded higher by 2.58% or $0.30/share to $11.92. In the past year, the shares have traded as low as $11.59 and as high as $17.43. On average, 4575840 shares of SID exchange hands on a given day and today's volume is recorded at 1422037. 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 $13.23 area but be careful because the stock may face selling pressure at this level.
Shares of KBW Inc (KBW) traded higher by 1.02% or $0.18/share to $17.85. In the past year, the shares have traded as low as $17.63 and as high as $29.03. On average, 207220 shares of KBW exchange hands on a given day and today's volume is recorded at 298471. 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 $20.05 area but be careful because the stock may face selling pressure at this level.
