Stocks falling to new 52 week lows on September 5 are Xueda Education Group, Suntech Power Holdings Co. Ltd, Cninsure Inc, Banco Macro S.A, and Deutsche Bank AG. 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 6.84% or $-0.46/share to $6.27. In the past year, the shares have traded as low as $6.61 and as high as $14.73. On average, 177390 shares of XUE exchange hands on a given day and today's volume is recorded at 37877. 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 $7.83 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) fell by 8.15% or $-0.41/share to $4.62. In the past year, the shares have traded as low as $4.80 and as high as $10.83. On average, 2710300 shares of STP exchange hands on a given day and today's volume is recorded at 4325697. 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 $6.74 area but be careful because the stock may face selling pressure at this level.
Shares of Cninsure Inc. (CISG) fell by 4.85% or $-0.50/share to $9.8. In the past year, the shares have traded as low as $10.20 and as high as $26.74. On average, 403760 shares of CISG exchange hands on a given day and today's volume is recorded at 502081. 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 $13.67 area but be careful because the stock may face selling pressure at this level.
Shares of Banco Macro S.A. (BMA) fell by 4.72% or $-1.26/share to $25.41. In the past year, the shares have traded as low as $26.27 and as high as $53.77. On average, 169270 shares of BMA exchange hands on a given day and today's volume is recorded at 166278. 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 $33.12 area but be careful because the stock may face selling pressure at this level.
Shares of Deutsche Bank AG (DB) fell by 6.04% or $-2.33/share to $36.27. In the past year, the shares have traded as low as $37.44 and as high as $64.79. On average, 2042350 shares of DB exchange hands on a given day and today's volume is recorded at 3445860. 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 $49.47 area but be careful because the stock may face selling pressure at this level.
