Stocks falling to new 52 week lows on July 11 are Frontline Ltd, Forest Oil Corp, The Governor and Company of The Bank of Ireland, Gafisa S.A, and Fibria Celulose SA. 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 Frontline Ltd. (FRO) fell by 5.78% or $-0.77/share to $12.56. In the past year, the shares have traded as low as $13.30 and as high as $32.39. On average, 1588980 shares of FRO exchange hands on a given day and today's volume is recorded at 1067785. 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 $17.76 area but be careful because the stock may face selling pressure at this level.
Shares of Forest Oil Corp. (FST) fell by 4.09% or $-0.97/share to $22.77. In the past year, the shares have traded as low as $23.60 and as high as $40.23. On average, 3148320 shares of FST exchange hands on a given day and today's volume is recorded at 2724031. 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 $28.80 area but be careful because the stock may face selling pressure at this level.
Shares of The Governor and Company of The Bank of Ireland (IRE) fell by 3.77% or $-0.04/share to $1.02. In the past year, the shares have traded as low as $1.05 and as high as $4.86. On average, 3131700 shares of IRE exchange hands on a given day and today's volume is recorded at 1565418. 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 $1.48 area but be careful because the stock may face selling pressure at this level.
Shares of Gafisa S.A. (GFA) fell by 4.17% or $-0.37/share to $8.51. In the past year, the shares have traded as low as $8.78 and as high as $17.82. On average, 3987970 shares of GFA exchange hands on a given day and today's volume is recorded at 2016006. 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 $10.30 area but be careful because the stock may face selling pressure at this level.
Shares of Fibria Celulose SA (FBR) fell by 4.87% or $-0.63/share to $12.31. In the past year, the shares have traded as low as $12.76 and as high as $19.11. On average, 1579210 shares of FBR exchange hands on a given day and today's volume is recorded at 759766. 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 $14.33 area but be careful because the stock may face selling pressure at this level.
