Stocks falling to new 52 week lows on September 13 are AutoChina International Ltd, Silvercorp Metals Inc, Alon Holdings Blue Square - Israel Ltd, Grupo Prisa SA, and Cornerstone OnDemand 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 AutoChina International Ltd. (AUTC) fell by 36.81% or $-8.62/share to $14.8. In the past year, the shares have traded as low as $17.71 and as high as $39.81. On average, 12370 shares of AUTC exchange hands on a given day and today's volume is recorded at 42685. 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 $24.62 area but be careful because the stock may face selling pressure at this level.
Shares of Silvercorp Metals Inc. (SVM) fell by 15.22% or $-1.19/share to $6.65. In the past year, the shares have traded as low as $7.04 and as high as $16.29. On average, 4516150 shares of SVM exchange hands on a given day and today's volume is recorded at 21579586. 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 $9.54 area but be careful because the stock may face selling pressure at this level.
Shares of Alon Holdings Blue Square - Israel Ltd (BSI) fell by 8.51% or $-0.43/share to $4.62. In the past year, the shares have traded as low as $4.95 and as high as $11.81. On average, 21880 shares of BSI exchange hands on a given day and today's volume is recorded at 97491. 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 $7.43 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Prisa SA (PRIS) fell by 6.09% or $-0.29/share to $4.47. In the past year, the shares have traded as low as $4.66 and as high as $13.11. On average, 37930 shares of PRIS exchange hands on a given day and today's volume is recorded at 31900. 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 $7.17 area but be careful because the stock may face selling pressure at this level.
Shares of Cornerstone OnDemand Inc. (CSOD) traded higher by 4.78% or $0.58/share to $12.71. In the past year, the shares have traded as low as $11.97 and as high as $23.50. On average, 141830 shares of CSOD exchange hands on a given day and today's volume is recorded at 1013710. 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 $16.17 area but be careful because the stock may face selling pressure at this level.
