Stocks falling to new 52 week lows on September 7 are Xueda Education Group, Francesca's Holdings Corporatio, Urban Outfitters Inc, Apollo Global Management, LLC, and Trina Solar 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 Xueda Education Group (XUE) fell by 1.84% or $-0.11/share to $5.86. In the past year, the shares have traded as low as $5.93 and as high as $14.73. On average, 174840 shares of XUE exchange hands on a given day and today's volume is recorded at 24446. 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 $7.75 area but be careful because the stock may face selling pressure at this level.
Shares of Francesca's Holdings Corporatio (FRAN) fell by 8.75% or $-1.84/share to $19.18. In the past year, the shares have traded as low as $19.86 and as high as $29.75. On average, 616430 shares of FRAN exchange hands on a given day and today's volume is recorded at 375977. 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 $24.83 area but be careful because the stock may face selling pressure at this level.
Shares of Urban Outfitters Inc. (URBN) fell by 2.91% or $-0.75/share to $25.03. In the past year, the shares have traded as low as $23.89 and as high as $39.26. On average, 4065500 shares of URBN exchange hands on a given day and today's volume is recorded at 7260557. 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 $29.21 area but be careful because the stock may face selling pressure at this level.
Shares of Apollo Global Management, LLC (APO) fell by 1.47% or $-0.18/share to $12.01. In the past year, the shares have traded as low as $12.01 and as high as $18.46. On average, 265050 shares of APO exchange hands on a given day and today's volume is recorded at 87875. 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 $15.01 area but be careful because the stock may face selling pressure at this level.
Shares of Trina Solar Ltd. (TSL) fell by 3.36% or $-0.42/share to $12.09. In the past year, the shares have traded as low as $12.12 and as high as $31.89. On average, 3280190 shares of TSL exchange hands on a given day and today's volume is recorded at 3209847. 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 $17.15 area but be careful because the stock may face selling pressure at this level.
