Stocks falling to new 52 week lows on September 15 are Cninsure Inc, Perfect World Co., Ltd, Aixtron SE, Express Scripts Inc, and Veeco Instruments 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 Cninsure Inc. (CISG) fell by 22.21% or $-2.37/share to $8.3. In the past year, the shares have traded as low as $9.22 and as high as $26.74. On average, 414660 shares of CISG exchange hands on a given day and today's volume is recorded at 3074107. 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 $12.93 area but be careful because the stock may face selling pressure at this level.
Shares of Perfect World Co., Ltd. (PWRD) fell by 16.16% or $-2.79/share to $14.48. In the past year, the shares have traded as low as $15.92 and as high as $34.40. On average, 715500 shares of PWRD exchange hands on a given day and today's volume is recorded at 3158201. 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 $19.31 area but be careful because the stock may face selling pressure at this level.
Shares of Aixtron SE (AIXG) fell by 12.8% or $-2.48/share to $16.9. In the past year, the shares have traded as low as $18.27 and as high as $43.95. On average, 445850 shares of AIXG exchange hands on a given day and today's volume is recorded at 1773732. 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 $24.79 area but be careful because the stock may face selling pressure at this level.
Shares of Express Scripts Inc. (ESRX) fell by 3.18% or $-1.36/share to $41.43. In the past year, the shares have traded as low as $42.77 and as high as $60.89. On average, 9397430 shares of ESRX exchange hands on a given day and today's volume is recorded at 15037433. 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 $49.34 area but be careful because the stock may face selling pressure at this level.
Shares of Veeco Instruments Inc. (VECO) fell by 5.09% or $-1.69/share to $31.54. In the past year, the shares have traded as low as $30.72 and as high as $57.67. On average, 1776110 shares of VECO exchange hands on a given day and today's volume is recorded at 3664683. 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 $37.41 area but be careful because the stock may face selling pressure at this level.
