Stocks falling to new 52 week lows on September 15 are Suntech Power Holdings Co. Ltd, Shinhan Financial Group Co. Ltd, KB Financial Group, Inc, and C&J Energy Services, Inc. Commo. 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 Suntech Power Holdings Co. Ltd. (STP) fell by 2.6% or $-0.10/share to $3.75. In the past year, the shares have traded as low as $3.70 and as high as $10.83. On average, 2925480 shares of STP exchange hands on a given day and today's volume is recorded at 3143539. 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 $6.19 area but be careful because the stock may face selling pressure at this level.
Shares of Shinhan Financial Group Co. Ltd. (SHG) fell by 4.39% or $-3.23/share to $70.35. In the past year, the shares have traded as low as $71.22 and as high as $101.34. On average, 54800 shares of SHG exchange hands on a given day and today's volume is recorded at 36505. 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 $87.26 area but be careful because the stock may face selling pressure at this level.
Shares of KB Financial Group, Inc. (KB) fell by 2.2% or $-0.76/share to $33.74. In the past year, the shares have traded as low as $33.88 and as high as $55.46. On average, 227280 shares of KB exchange hands on a given day and today's volume is recorded at 214108. 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 $43.61 area but be careful because the stock may face selling pressure at this level.
Shares of C&J Energy Services, Inc. Commo (CJES) fell by 2.18% or $-0.48/share to $21.5. In the past year, the shares have traded as low as $21.50 and as high as $32.94. On average, 880420 shares of CJES exchange hands on a given day and today's volume is recorded at 222353. 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 $25.86 area but be careful because the stock may face selling pressure at this level.
