Stocks falling to new 52 week lows on September 20 are HEALTHSOUTH Corp, Netflix, Inc, E-Commerce China Dangdang Inc. , Xueda Education Group, and Jiayuan.com International 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 HEALTHSOUTH Corp. (HLS) fell by 14.35% or $-2.58/share to $15.4. In the past year, the shares have traded as low as $16.96 and as high as $28.50. On average, 1279990 shares of HLS exchange hands on a given day and today's volume is recorded at 4682173. 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 $21.36 area but be careful because the stock may face selling pressure at this level.
Shares of Netflix, Inc. (NFLX) fell by 8.67% or $-12.46/share to $131.28. In the past year, the shares have traded as low as $140.02 and as high as $304.81. On average, 5013600 shares of NFLX exchange hands on a given day and today's volume is recorded at 16211278. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $228.27 area where the stock may encounter resistance.
Shares of E-Commerce China Dangdang Inc. (DANG) fell by 6.47% or $-0.42/share to $6.06. In the past year, the shares have traded as low as $6.37 and as high as $36.40. On average, 3876660 shares of DANG exchange hands on a given day and today's volume is recorded at 1292247. 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 $9.21 area but be careful because the stock may face selling pressure at this level.
Shares of Xueda Education Group (XUE) fell by 6.36% or $-0.32/share to $4.71. In the past year, the shares have traded as low as $4.94 and as high as $14.73. On average, 165990 shares of XUE exchange hands on a given day and today's volume is recorded at 40528. 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 $7.30 area but be careful because the stock may face selling pressure at this level.
Shares of Jiayuan.com International Ltd. (DATE) fell by 7.47% or $-0.71/share to $8.8. In the past year, the shares have traded as low as $9.12 and as high as $16.12. On average, 230880 shares of DATE exchange hands on a given day and today's volume is recorded at 141304. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $12.36 area where the stock may encounter resistance.
