Stocks falling to new 52 week lows on September 28 are InterOil Corporation, RealD Inc, Trina Solar Ltd, CTC Media, Inc, and Ennis 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 InterOil Corporation (IOC) fell by 16.11% or $-7.38/share to $38.44. In the past year, the shares have traded as low as $42.00 and as high as $81.98. On average, 568240 shares of IOC exchange hands on a given day and today's volume is recorded at 3019062. 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 $59.82 area but be careful because the stock may face selling pressure at this level.
Shares of RealD Inc. (RLD) fell by 13.99% or $-1.71/share to $10.51. In the past year, the shares have traded as low as $9.47 and as high as $35.60. On average, 963160 shares of RLD exchange hands on a given day and today's volume is recorded at 1765931. 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 $13.91 area but be careful because the stock may face selling pressure at this level.
Shares of Trina Solar Ltd. (TSL) fell by 4.64% or $-0.33/share to $6.78. In the past year, the shares have traded as low as $7.01 and as high as $31.89. On average, 3567950 shares of TSL exchange hands on a given day and today's volume is recorded at 2529434. 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 $13.92 area but be careful because the stock may face selling pressure at this level.
Shares of CTC Media, Inc (CTCM) fell by 5.43% or $-0.53/share to $9.23. In the past year, the shares have traded as low as $9.71 and as high as $24.56. On average, 436840 shares of CTCM exchange hands on a given day and today's volume is recorded at 619183. 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 $15.81 area but be careful because the stock may face selling pressure at this level.
Shares of Ennis Inc. (EBF) fell by 5.48% or $-0.76/share to $13.12. In the past year, the shares have traded as low as $13.61 and as high as $20.08. On average, 95560 shares of EBF exchange hands on a given day and today's volume is recorded at 47074. 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 $15.82 area but be careful because the stock may face selling pressure at this level.
