Stocks falling to new 52 week lows on September 8 are Alon Holdings Blue Square - Israel Ltd, JinkoSolar Holding Co., Ltd, Yingli Green Energy Holding Co. Ltd, Apollo Global Management, LLC, and Xueda Education Group. 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 Alon Holdings Blue Square - Israel Ltd (BSI) fell by 3.76% or $-0.23/share to $5.88. In the past year, the shares have traded as low as $6.10 and as high as $11.81. On average, 17180 shares of BSI exchange hands on a given day and today's volume is recorded at 22461. 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 $7.58 area but be careful because the stock may face selling pressure at this level.
Shares of JinkoSolar Holding Co., Ltd. (JKS) fell by 2.4% or $-0.31/share to $12.59. In the past year, the shares have traded as low as $12.81 and as high as $41.74. On average, 679570 shares of JKS exchange hands on a given day and today's volume is recorded at 226661. 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 $20.16 area but be careful because the stock may face selling pressure at this level.
Shares of Yingli Green Energy Holding Co. Ltd. (YGE) fell by 2.95% or $-0.15/share to $4.93. In the past year, the shares have traded as low as $4.96 and as high as $14.29. On average, 4368630 shares of YGE exchange hands on a given day and today's volume is recorded at 1662702. 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 $6.83 area but be careful because the stock may face selling pressure at this level.
Shares of Apollo Global Management, LLC (APO) fell by 1.43% or $-0.17/share to $11.75. In the past year, the shares have traded as low as $11.67 and as high as $18.46. On average, 265390 shares of APO exchange hands on a given day and today's volume is recorded at 37787. 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 $14.93 area but be careful because the stock may face selling pressure at this level.
Shares of Xueda Education Group (XUE) fell by 1.39% or $-0.08/share to $5.66. In the past year, the shares have traded as low as $5.67 and as high as $14.73. On average, 175090 shares of XUE exchange hands on a given day and today's volume is recorded at 45941. 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 $7.71 area but be careful because the stock may face selling pressure at this level.
