Stocks falling to new 52 week lows on July 11 are Motorola Mobility Holdings, Inc, Exterran Holdings, Inc, MEMC Electronic Materials Inc, Shaw Group Inc, 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 Motorola Mobility Holdings, Inc. (MMI) fell by 3.35% or $-0.73/share to $20.92. In the past year, the shares have traded as low as $21.47 and as high as $36.55. On average, 3053780 shares of MMI exchange hands on a given day and today's volume is recorded at 2028239. 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 $23.96 area but be careful because the stock may face selling pressure at this level.
Shares of Exterran Holdings, Inc. (EXH) fell by 1.46% or $-0.28/share to $18.94. In the past year, the shares have traded as low as $19.16 and as high as $29.96. On average, 833000 shares of EXH exchange hands on a given day and today's volume is recorded at 194776. 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 $20.38 area but be careful because the stock may face selling pressure at this level.
Shares of MEMC Electronic Materials Inc. (WFR) fell by 2.99% or $-0.24/share to $7.8. In the past year, the shares have traded as low as $7.90 and as high as $15.04. On average, 6146110 shares of WFR exchange hands on a given day and today's volume is recorded at 2189415. 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 $9.66 area but be careful because the stock may face selling pressure at this level.
Shares of Shaw Group Inc. (SHAW) fell by 4.23% or $-1.20/share to $27.14. In the past year, the shares have traded as low as $27.61 and as high as $41.62. On average, 1541510 shares of SHAW exchange hands on a given day and today's volume is recorded at 606333. 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 $34.76 area but be careful because the stock may face selling pressure at this level.
Shares of AU Optronics Corp. (AUO) fell by 2.98% or $-0.19/share to $6.18. In the past year, the shares have traded as low as $6.24 and as high as $10.65. On average, 2814910 shares of AUO exchange hands on a given day and today's volume is recorded at 738432. 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 $7.41 area but be careful because the stock may face selling pressure at this level.
