Stocks falling to new 52 week lows on July 21 are Genworth Financial Inc, AMR Corporation, Semiconductor Manufacturing International Corp, US Airways Group, Inc, and Turkcell Iletisim Hizmetleri AS. 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 Genworth Financial Inc. (GNW) fell by 12.88% or $-1.22/share to $8.25. In the past year, the shares have traded as low as $8.95 and as high as $16.10. On average, 6394350 shares of GNW exchange hands on a given day and today's volume is recorded at 21002365. 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 $10.47 area but be careful because the stock may face selling pressure at this level.
Shares of AMR Corporation (AMR) fell by 6.1% or $-0.30/share to $4.62. In the past year, the shares have traded as low as $4.75 and as high as $8.98. On average, 10378820 shares of AMR exchange hands on a given day and today's volume is recorded at 11824426. 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 $5.83 area but be careful because the stock may face selling pressure at this level.
Shares of Semiconductor Manufacturing International Corp. (SMI) fell by 1.93% or $-0.06/share to $3.05. In the past year, the shares have traded as low as $3.08 and as high as $5.78. On average, 228150 shares of SMI exchange hands on a given day and today's volume is recorded at 76147. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $3.99 area where the stock may encounter resistance.
Shares of US Airways Group, Inc. (LCC) fell by 2.9% or $-0.20/share to $6.7. In the past year, the shares have traded as low as $6.79 and as high as $12.26. On average, 6466600 shares of LCC exchange hands on a given day and today's volume is recorded at 3152971. 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 $8.73 area but be careful because the stock may face selling pressure at this level.
Shares of Turkcell Iletisim Hizmetleri AS (TKC) traded higher by 0.79% or $0.10/share to $12.68. In the past year, the shares have traded as low as $12.52 and as high as $19.93. On average, 773830 shares of TKC exchange hands on a given day and today's volume is recorded at 296664. 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 $13.75 area but be careful because the stock may face selling pressure at this level.
