Stocks falling to new 52 week lows on July 12 are Hampton Roads Bankshares Inc, JA Solar Holdings Co., Ltd, Trina Solar Ltd, Yingli Green Energy Holding Co. Ltd, and AU Optronics Corp. 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 Hampton Roads Bankshares Inc. (HMPR) fell by 6.53% or $-0.59/share to $8.45. In the past year, the shares have traded as low as $9.00 and as high as $34.75. On average, 117060 shares of HMPR exchange hands on a given day and today's volume is recorded at 40836. 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 $16.43 area but be careful because the stock may face selling pressure at this level.
Shares of JA Solar Holdings Co., Ltd. (JASO) fell by 6.84% or $-0.32/share to $4.36. In the past year, the shares have traded as low as $4.60 and as high as $10.24. On average, 6465060 shares of JASO exchange hands on a given day and today's volume is recorded at 3799832. 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 $5.65 area but be careful because the stock may face selling pressure at this level.
Shares of Trina Solar Ltd. (TSL) fell by 11.23% or $-2.22/share to $17.54. In the past year, the shares have traded as low as $18.56 and as high as $31.89. On average, 3065280 shares of TSL exchange hands on a given day and today's volume is recorded at 3131407. 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 $22.28 area but be careful because the stock may face selling pressure at this level.
Shares of Yingli Green Energy Holding Co. Ltd. (YGE) fell by 4.91% or $-0.37/share to $7.17. In the past year, the shares have traded as low as $7.45 and as high as $14.29. On average, 3474160 shares of YGE exchange hands on a given day and today's volume is recorded at 2180442. 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 $9.27 area but be careful because the stock may face selling pressure at this level.
Shares of AU Optronics Corp. (AUO) fell by 4.54% or $-0.28/share to $5.89. In the past year, the shares have traded as low as $6.14 and as high as $10.65. On average, 2807370 shares of AUO exchange hands on a given day and today's volume is recorded at 973709. 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 $7.37 area but be careful because the stock may face selling pressure at this level.
