Stocks falling to new 52 week lows on September 16 are JA Solar Holdings Co., Ltd, Yingli Green Energy Holding Co. Ltd, Suntech Power Holdings Co. Ltd, Greenhill & Co., Inc, and Heartware International Inc. 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 JA Solar Holdings Co., Ltd. (JASO) fell by 5.47% or $-0.14/share to $2.34. In the past year, the shares have traded as low as $2.44 and as high as $10.26. On average, 5096240 shares of JASO exchange hands on a given day and today's volume is recorded at 3747902. 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 $3.99 area but be careful because the stock may face selling pressure at this level.
Shares of Yingli Green Energy Holding Co. Ltd. (YGE) fell by 3.99% or $-0.16/share to $3.97. In the past year, the shares have traded as low as $4.04 and as high as $14.27. On average, 4351830 shares of YGE exchange hands on a given day and today's volume is recorded at 1792699. 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 $6.29 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) fell by 6.37% or $-0.24/share to $3.53. In the past year, the shares have traded as low as $3.62 and as high as $10.83. On average, 2964730 shares of STP exchange hands on a given day and today's volume is recorded at 2234669. 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 $6.11 area but be careful because the stock may face selling pressure at this level.
Shares of Greenhill & Co., Inc. (GHL) fell by 4.15% or $-1.32/share to $30.51. In the past year, the shares have traded as low as $31.11 and as high as $82.19. On average, 591780 shares of GHL exchange hands on a given day and today's volume is recorded at 198304. 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 $40.11 area but be careful because the stock may face selling pressure at this level.
Shares of Heartware International Inc. (HTWR) traded higher by 0.16% or $0.09/share to $56.04. In the past year, the shares have traded as low as $54.24 and as high as $65.43. On average, 130630 shares of HTWR exchange hands on a given day and today's volume is recorded at 89633. 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 $60.20 area but be careful because the stock may face selling pressure at this level.
