Stocks falling to new 52 week lows on September 29 are DaVita, Inc, Sohu.com Inc, SouFun Holdings Ltd, Netflix, Inc, and LDK Solar Co., 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 DaVita, Inc. (DVA) fell by 7.73% or $-5.33/share to $63.65. In the past year, the shares have traded as low as $66.68 and as high as $89.76. On average, 1139100 shares of DVA exchange hands on a given day and today's volume is recorded at 3207955. 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 $74.73 area but be careful because the stock may face selling pressure at this level.
Shares of Sohu.com Inc. (SOHU) fell by 9.87% or $-5.24/share to $47.87. In the past year, the shares have traded as low as $52.59 and as high as $109.37. On average, 1877730 shares of SOHU exchange hands on a given day and today's volume is recorded at 1832422. 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 $75.03 area but be careful because the stock may face selling pressure at this level.
Shares of SouFun Holdings Ltd. (SFUN) fell by 7.35% or $-0.90/share to $11.35. In the past year, the shares have traded as low as $11.73 and as high as $27.57. On average, 231440 shares of SFUN exchange hands on a given day and today's volume is recorded at 129437. 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 $18.03 area but be careful because the stock may face selling pressure at this level.
Shares of Netflix, Inc. (NFLX) fell by 8.76% or $-11.14/share to $116.0. In the past year, the shares have traded as low as $125.01 and as high as $304.78. On average, 6380880 shares of NFLX exchange hands on a given day and today's volume is recorded at 6524713. 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 $216.90 area but be careful because the stock may face selling pressure at this level.
Shares of LDK Solar Co., Ltd. (LDK) fell by 6.42% or $-0.20/share to $2.96. In the past year, the shares have traded as low as $3.13 and as high as $15.12. On average, 4289200 shares of LDK exchange hands on a given day and today's volume is recorded at 1043451. 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 $5.59 area but be careful because the stock may face selling pressure at this level.
