Stocks falling to new 52 week lows on July 12 are MEMC Electronic Materials Inc, ReneSola Ltd, Delta Air Lines Inc, Cree Inc, 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 MEMC Electronic Materials Inc. (WFR) fell by 0.52% or $-0.04/share to $7.68. In the past year, the shares have traded as low as $7.70 and as high as $15.04. On average, 6180640 shares of WFR exchange hands on a given day and today's volume is recorded at 1458779. 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 $9.59 area but be careful because the stock may face selling pressure at this level.
Shares of ReneSola Ltd. (SOL) fell by 7.69% or $-0.36/share to $4.32. In the past year, the shares have traded as low as $4.33 and as high as $15.34. On average, 3824330 shares of SOL exchange hands on a given day and today's volume is recorded at 3842064. 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 $6.47 area but be careful because the stock may face selling pressure at this level.
Shares of Delta Air Lines Inc. (DAL) fell by 2.67% or $-0.24/share to $8.76. In the past year, the shares have traded as low as $8.91 and as high as $14.54. On average, 15481500 shares of DAL exchange hands on a given day and today's volume is recorded at 10931588. 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 $10.01 area but be careful because the stock may face selling pressure at this level.
Shares of Cree Inc. (CREE) traded higher by 0.77% or $0.24/share to $31.49. In the past year, the shares have traded as low as $31.11 and as high as $76.14. On average, 3741810 shares of CREE exchange hands on a given day and today's volume is recorded at 1549850. 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 $38.05 area but be careful because the stock may face selling pressure at this level.
Shares of Fibria Celulose SA (FBR) fell by 1.06% or $-0.13/share to $12.16. In the past year, the shares have traded as low as $12.20 and as high as $19.11. On average, 1586500 shares of FBR exchange hands on a given day and today's volume is recorded at 732524. 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 $14.26 area but be careful because the stock may face selling pressure at this level.
