Stocks falling to new 52 week lows on September 12 are Compagnie G, Deutsche Bank AG, Alon Holdings Blue Square - Israel Ltd, Telecom Italia S.P.A. New, and Alumina 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 Compagnie G (CGV) fell by 6.25% or $-1.25/share to $18.74. In the past year, the shares have traded as low as $19.81 and as high as $38.12. On average, 139760 shares of CGV exchange hands on a given day and today's volume is recorded at 139558. 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 $28.61 area but be careful because the stock may face selling pressure at this level.
Shares of Deutsche Bank AG (DB) fell by 6.52% or $-2.03/share to $29.11. In the past year, the shares have traded as low as $31.02 and as high as $64.79. On average, 2312840 shares of DB exchange hands on a given day and today's volume is recorded at 3416259. 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 $47.17 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 9.82% or $-0.55/share to $5.05. In the past year, the shares have traded as low as $5.29 and as high as $11.81. On average, 20660 shares of BSI exchange hands on a given day and today's volume is recorded at 46507. 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 $7.49 area but be careful because the stock may face selling pressure at this level.
Shares of Telecom Italia S.P.A. New (TI-A) fell by 5.1% or $-0.49/share to $9.16. In the past year, the shares have traded as low as $9.61 and as high as $13.29. On average, 72730 shares of TI-A exchange hands on a given day and today's volume is recorded at 29810. 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 $10.62 area but be careful because the stock may face selling pressure at this level.
Shares of Alumina Ltd. (AWC) fell by 4.92% or $-0.32/share to $6.27. In the past year, the shares have traded as low as $6.55 and as high as $11.30. On average, 179550 shares of AWC exchange hands on a given day and today's volume is recorded at 71799. 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 $8.25 area but be careful because the stock may face selling pressure at this level.
