Stocks falling to new 52 week lows on September 9 are Aluminum Corporation Of China Limited, JA Solar Holdings Co., Ltd, Resources Connection Inc, Tessera Technologies Inc, and Koninklijke Philips Electronics NV. 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 Aluminum Corporation Of China Limited (ACH) fell by 2.77% or $-0.42/share to $14.76. In the past year, the shares have traded as low as $15.13 and as high as $26.75. On average, 355010 shares of ACH exchange hands on a given day and today's volume is recorded at 198784. 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 $18.76 area but be careful because the stock may face selling pressure at this level.
Shares of JA Solar Holdings Co., Ltd. (JASO) fell by 2.3% or $-0.07/share to $2.97. In the past year, the shares have traded as low as $3.02 and as high as $10.24. On average, 5051120 shares of JASO exchange hands on a given day and today's volume is recorded at 1209077. 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 $4.27 area but be careful because the stock may face selling pressure at this level.
Shares of Resources Connection Inc. (RECN) fell by 3.91% or $-0.36/share to $8.84. In the past year, the shares have traded as low as $9.02 and as high as $21.73. On average, 351960 shares of RECN exchange hands on a given day and today's volume is recorded at 112287. 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 $11.38 area but be careful because the stock may face selling pressure at this level.
Shares of Tessera Technologies Inc. (TSRA) fell by 6.04% or $-0.82/share to $12.75. In the past year, the shares have traded as low as $12.77 and as high as $23.18. On average, 608200 shares of TSRA exchange hands on a given day and today's volume is recorded at 480808. 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 $15.02 area but be careful because the stock may face selling pressure at this level.
Shares of Koninklijke Philips Electronics NV (PHG) fell by 4.15% or $-0.76/share to $17.55. In the past year, the shares have traded as low as $17.80 and as high as $33.19. On average, 2110620 shares of PHG exchange hands on a given day and today's volume is recorded at 1364886. 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 $22.43 area but be careful because the stock may face selling pressure at this level.
