Stocks falling to new 52 week lows on July 5 are AU Optronics Corp, TrustCo Bank Corp. NY, and Frontline Ltd. 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 AU Optronics Corp. (AUO) fell by 7.38% or $-0.51/share to $6.4. In the past year, the shares have traded as low as $6.58 and as high as $10.87. On average, 2724240 shares of AUO exchange hands on a given day and today's volume is recorded at 2101691. 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 $7.74 area but be careful because the stock may face selling pressure at this level.
Shares of TrustCo Bank Corp. NY (TRST) fell by 0.92% or $-0.05/share to $4.86. In the past year, the shares have traded as low as $4.86 and as high as $6.52. On average, 308850 shares of TRST exchange hands on a given day and today's volume is recorded at 141430. 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 $5.49 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) fell by 3.91% or $-0.58/share to $14.27. In the past year, the shares have traded as low as $14.35 and as high as $32.39. On average, 1521570 shares of FRO exchange hands on a given day and today's volume is recorded at 606312. 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 $18.41 area but be careful because the stock may face selling pressure at this level.
