Stocks falling to new 52 week lows on September 21 are Pacific Biosciences of California, Inc, Alpha Natural Resources, Inc, Illumina Inc, First Solar, Inc, and Walter Energy, 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 Pacific Biosciences of California, Inc. (PACB) fell by 17.54% or $-0.98/share to $4.59. In the past year, the shares have traded as low as $5.21 and as high as $17.49. On average, 416320 shares of PACB exchange hands on a given day and today's volume is recorded at 916978. 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 $7.90 area but be careful because the stock may face selling pressure at this level.
Shares of Alpha Natural Resources, Inc. (ANR) fell by 11.26% or $-3.03/share to $23.89. In the past year, the shares have traded as low as $26.05 and as high as $68.04. On average, 7008520 shares of ANR exchange hands on a given day and today's volume is recorded at 9310417. 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 $35.55 area but be careful because the stock may face selling pressure at this level.
Shares of Illumina Inc. (ILMN) fell by 6.74% or $-3.03/share to $41.95. In the past year, the shares have traded as low as $43.75 and as high as $79.41. On average, 2297250 shares of ILMN exchange hands on a given day and today's volume is recorded at 3985784. 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 $56.31 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) fell by 4.05% or $-3.21/share to $76.0. In the past year, the shares have traded as low as $78.68 and as high as $175.44. On average, 1994750 shares of FSLR exchange hands on a given day and today's volume is recorded at 3916368. 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 $103.88 area but be careful because the stock may face selling pressure at this level.
Shares of Walter Energy, Inc. (WLT) fell by 10.02% or $-7.52/share to $67.49. In the past year, the shares have traded as low as $69.21 and as high as $143.38. On average, 3192740 shares of WLT exchange hands on a given day and today's volume is recorded at 6856401. 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 $93.36 area but be careful because the stock may face selling pressure at this level.
