Stocks falling to new 52 week lows on September 23 are Keegan Resources Inc, RDA Microelectronics, Inc, Tanzanian Royalty Exploration Corp. , First Solar, Inc, and Ancestry.com 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 Keegan Resources Inc. (KGN) fell by 20.47% or $-1.26/share to $4.9. In the past year, the shares have traded as low as $5.89 and as high as $9.65. On average, 116300 shares of KGN exchange hands on a given day and today's volume is recorded at 1263580. 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 $8.11 area but be careful because the stock may face selling pressure at this level.
Shares of RDA Microelectronics, Inc. (RDA) fell by 0.93% or $-0.08/share to $8.53. In the past year, the shares have traded as low as $8.26 and as high as $18.20. On average, 60750 shares of RDA exchange hands on a given day and today's volume is recorded at 22928. 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 $9.28 area but be careful because the stock may face selling pressure at this level.
Shares of Tanzanian Royalty Exploration Corp. (TRX) fell by 8.91% or $-0.41/share to $4.17. In the past year, the shares have traded as low as $4.41 and as high as $7.82. On average, 328260 shares of TRX exchange hands on a given day and today's volume is recorded at 644931. 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 $5.94 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) traded higher by 2.99% or $2.00/share to $68.85. In the past year, the shares have traded as low as $66.19 and as high as $175.46. On average, 2140490 shares of FSLR exchange hands on a given day and today's volume is recorded at 5481342. 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 $101.70 area but be careful because the stock may face selling pressure at this level.
Shares of Ancestry.com Inc. (ACOM) fell by 11.37% or $-2.67/share to $20.82. In the past year, the shares have traded as low as $22.10 and as high as $45.79. On average, 1173440 shares of ACOM exchange hands on a given day and today's volume is recorded at 2205936. 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 $33.73 area but be careful because the stock may face selling pressure at this level.
