Stocks falling to new 52 week lows on August 9 are Getty Realty Corp, Pantry Inc, Golden Star Resources, Ltd, Youku.com Inc, and MagnaChip Semiconductor. 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 Getty Realty Corp. (GTY) fell by 13.88% or $-2.77/share to $17.18. In the past year, the shares have traded as low as $19.95 and as high as $30.65. On average, 245640 shares of GTY exchange hands on a given day and today's volume is recorded at 658401. 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 $24.75 area but be careful because the stock may face selling pressure at this level.
Shares of Pantry Inc. (PTRY) fell by 19.39% or $-2.90/share to $12.06. In the past year, the shares have traded as low as $13.29 and as high as $24.44. On average, 315630 shares of PTRY exchange hands on a given day and today's volume is recorded at 959423. 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 $17.46 area where the stock may encounter resistance.
Shares of Golden Star Resources, Ltd. (GSS) fell by 11.59% or $-0.24/share to $1.83. In the past year, the shares have traded as low as $2.06 and as high as $6.01. On average, 3323220 shares of GSS exchange hands on a given day and today's volume is recorded at 4495621. 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 $2.49 area but be careful because the stock may face selling pressure at this level.
Shares of Youku.com Inc (YOKU) fell by 13.03% or $-3.36/share to $22.43. In the past year, the shares have traded as low as $24.79 and as high as $69.94. On average, 4507960 shares of YOKU exchange hands on a given day and today's volume is recorded at 4494898. 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 $33.84 area but be careful because the stock may face selling pressure at this level.
Shares of MagnaChip Semiconductor (MX) fell by 8.36% or $-0.83/share to $9.1. In the past year, the shares have traded as low as $9.93 and as high as $15.56. On average, 68280 shares of MX exchange hands on a given day and today's volume is recorded at 25545. 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 $11.68 area but be careful because the stock may face selling pressure at this level.
