Stocks falling to new 52 week lows on September 9 are MagnaChip Semiconductor, Banco Macro S.A, Deutsche Bank AG, Syntel, Inc, and ING Groep 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 MagnaChip Semiconductor (MX) fell by 2.0% or $-0.17/share to $8.33. In the past year, the shares have traded as low as $8.50 and as high as $15.56. On average, 59730 shares of MX exchange hands on a given day and today's volume is recorded at 12107. 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 $10.28 area but be careful because the stock may face selling pressure at this level.
Shares of Banco Macro S.A. (BMA) fell by 1.61% or $-0.39/share to $23.76. In the past year, the shares have traded as low as $24.03 and as high as $53.77. On average, 175530 shares of BMA exchange hands on a given day and today's volume is recorded at 48769. 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 $32.24 area but be careful because the stock may face selling pressure at this level.
Shares of Deutsche Bank AG (DB) fell by 5.78% or $-1.97/share to $32.14. In the past year, the shares have traded as low as $32.52 and as high as $64.80. On average, 2208480 shares of DB exchange hands on a given day and today's volume is recorded at 2019974. 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 $47.71 area but be careful because the stock may face selling pressure at this level.
Shares of Syntel, Inc. (SYNT) fell by 7.73% or $-3.38/share to $40.36. In the past year, the shares have traded as low as $41.37 and as high as $62.03. On average, 181800 shares of SYNT exchange hands on a given day and today's volume is recorded at 104958. 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 $52.06 area but be careful because the stock may face selling pressure at this level.
Shares of ING Groep NV (ING) fell by 5.55% or $-0.40/share to $6.87. In the past year, the shares have traded as low as $6.95 and as high as $13.42. On average, 3839410 shares of ING exchange hands on a given day and today's volume is recorded at 4282073. 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 $9.76 area but be careful because the stock may face selling pressure at this level.
