Stocks falling to new 52 week lows on September 15 are Mahanagar Telephone Nigam Ltd, NovaGold Resources Inc, Brookfield Residential Properties Inc, Skullcandy, Inc, and UBS AG. 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 Mahanagar Telephone Nigam Ltd. (MTE) remained unchanged at $1.5. In the past year, the shares have traded as low as $1.50 and as high as $3.18. On average, 52480 shares of MTE exchange hands on a given day and today's volume is recorded at 24100. 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 $1.85 area but be careful because the stock may face selling pressure at this level.
Shares of NovaGold Resources Inc. (NG) fell by 4.61% or $-0.39/share to $8.11. In the past year, the shares have traded as low as $8.25 and as high as $16.90. On average, 3439320 shares of NG exchange hands on a given day and today's volume is recorded at 3622461. 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 $9.91 area but be careful because the stock may face selling pressure at this level.
Shares of Brookfield Residential Properties Inc. (BRP) fell by 1.81% or $-0.13/share to $7.05. In the past year, the shares have traded as low as $6.91 and as high as $14.32. On average, 103430 shares of BRP exchange hands on a given day and today's volume is recorded at 274335. 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 $8.68 area but be careful because the stock may face selling pressure at this level.
Shares of Skullcandy, Inc. (SKUL) fell by 3.16% or $-0.42/share to $12.88. In the past year, the shares have traded as low as $13.19 and as high as $23.40. On average, 667580 shares of SKUL exchange hands on a given day and today's volume is recorded at 223506. 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 $16.61 area but be careful because the stock may face selling pressure at this level.
Shares of UBS AG (UBS) fell by 10.96% or $-1.39/share to $11.29. In the past year, the shares have traded as low as $11.53 and as high as $20.08. On average, 4885930 shares of UBS exchange hands on a given day and today's volume is recorded at 17841616. 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 $15.05 area but be careful because the stock may face selling pressure at this level.
