Stocks falling to new 52 week lows on September 28 are Calix Inc, Power-One Inc, International Tower Hill Mines Ltd, Home Inns & Hotels Management Inc, and Yandex N. V. 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 Calix Inc. (CALX) fell by 5.15% or $-0.45/share to $8.3. In the past year, the shares have traded as low as $8.62 and as high as $22.97. On average, 457550 shares of CALX exchange hands on a given day and today's volume is recorded at 473147. 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 $14.59 area but be careful because the stock may face selling pressure at this level.
Shares of Power-One Inc. (PWER) fell by 4.53% or $-0.23/share to $4.85. In the past year, the shares have traded as low as $5.00 and as high as $12.93. On average, 2757740 shares of PWER exchange hands on a given day and today's volume is recorded at 1075572. 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 $6.93 area but be careful because the stock may face selling pressure at this level.
Shares of International Tower Hill Mines Ltd. (THM) fell by 5.87% or $-0.33/share to $5.29. In the past year, the shares have traded as low as $5.37 and as high as $10.49. On average, 317160 shares of THM exchange hands on a given day and today's volume is recorded at 294179. 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 $7.54 area but be careful because the stock may face selling pressure at this level.
Shares of Home Inns & Hotels Management Inc. (HMIN) fell by 6.86% or $-2.27/share to $30.81. In the past year, the shares have traded as low as $31.76 and as high as $54.25. On average, 524039 shares of HMIN exchange hands on a given day and today's volume is recorded at 268235. 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 $36.41 area but be careful because the stock may face selling pressure at this level.
Shares of Yandex N. V. (YNDX) fell by 11.15% or $-2.94/share to $23.42. In the past year, the shares have traded as low as $24.15 and as high as $42.01. On average, 1296990 shares of YNDX exchange hands on a given day and today's volume is recorded at 1970061. 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 $30.87 area but be careful because the stock may face selling pressure at this level.
