Stocks falling to new 52 week lows on September 20 are Alumina Ltd, Tele Norte Leste Participacoes S.A, Trina Solar Ltd, Popular Inc, and Yingli Green Energy Holding Co. Ltd. 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 Alumina Ltd. (AWC) fell by 1.46% or $-0.09/share to $6.08. In the past year, the shares have traded as low as $6.03 and as high as $11.29. On average, 176780 shares of AWC exchange hands on a given day and today's volume is recorded at 213074. 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 $7.91 area but be careful because the stock may face selling pressure at this level.
Shares of Tele Norte Leste Participacoes S.A. (TNE) fell by 1.96% or $-0.22/share to $11.01. In the past year, the shares have traded as low as $11.01 and as high as $19.16. On average, 1558440 shares of TNE exchange hands on a given day and today's volume is recorded at 451120. 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 $13.11 area but be careful because the stock may face selling pressure at this level.
Shares of Trina Solar Ltd. (TSL) fell by 9.05% or $-0.86/share to $8.64. In the past year, the shares have traded as low as $8.74 and as high as $31.89. On average, 3402130 shares of TSL exchange hands on a given day and today's volume is recorded at 1838907. 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 $15.24 area but be careful because the stock may face selling pressure at this level.
Shares of Popular Inc. (BPOP) fell by 1.2% or $-0.02/share to $1.64. In the past year, the shares have traded as low as $1.65 and as high as $3.59. On average, 10484030 shares of BPOP exchange hands on a given day and today's volume is recorded at 3602236. 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 $2.15 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 6.44% or $-0.23/share to $3.34. In the past year, the shares have traded as low as $3.37 and as high as $14.29. On average, 4490590 shares of YGE exchange hands on a given day and today's volume is recorded at 2607785. 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 $6.12 area but be careful because the stock may face selling pressure at this level.
