Stocks falling to new 52 week lows on July 15 are Motricity, Inc, Investment Technology Group Inc, Gerdau S.A, Companhia Siderurgica Nacional, and AllianceBernstein Holding L.P. 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 Motricity, Inc. (MOTR) fell by 1.82% or $-0.13/share to $7.02. In the past year, the shares have traded as low as $7.11 and as high as $31.95. On average, 1408820 shares of MOTR exchange hands on a given day and today's volume is recorded at 423938. 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 $8.45 area but be careful because the stock may face selling pressure at this level.
Shares of Investment Technology Group Inc. (ITG) fell by 1.61% or $-0.18/share to $10.98. In the past year, the shares have traded as low as $11.12 and as high as $19.87. On average, 458140 shares of ITG exchange hands on a given day and today's volume is recorded at 549704. 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 $14.34 area but be careful because the stock may face selling pressure at this level.
Shares of Gerdau S.A. (GGB) fell by 2.07% or $-0.20/share to $9.47. In the past year, the shares have traded as low as $9.59 and as high as $15.62. On average, 8403220 shares of GGB exchange hands on a given day and today's volume is recorded at 4011045. 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 $10.40 area but be careful because the stock may face selling pressure at this level.
Shares of Companhia Siderurgica Nacional (SID) fell by 1.22% or $-0.14/share to $11.3. In the past year, the shares have traded as low as $11.37 and as high as $17.44. On average, 4555920 shares of SID exchange hands on a given day and today's volume is recorded at 1642422. 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 $13.11 area but be careful because the stock may face selling pressure at this level.
Shares of AllianceBernstein Holding L.P. (AB) fell by 0.05% or $-0.01/share to $18.46. In the past year, the shares have traded as low as $18.43 and as high as $27.17. On average, 415280 shares of AB exchange hands on a given day and today's volume is recorded at 167014. 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 $20.15 area but be careful because the stock may face selling pressure at this level.
