Stocks falling to new 52 week lows on September 6 are Deutsche Bank AG, ING Groep NV, Grupo Prisa SA, Credit Suisse Group, and Solazyme, 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 Deutsche Bank AG (DB) fell by 8.57% or $-3.11/share to $33.16. In the past year, the shares have traded as low as $36.08 and as high as $64.79. On average, 2072889 shares of DB exchange hands on a given day and today's volume is recorded at 3139535. 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 $49.04 area but be careful because the stock may face selling pressure at this level.
Shares of ING Groep NV (ING) fell by 11.1% or $-0.88/share to $7.05. In the past year, the shares have traded as low as $7.69 and as high as $13.41. On average, 3710490 shares of ING exchange hands on a given day and today's volume is recorded at 3203883. 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 $9.99 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Prisa SA (PRIS) fell by 9.71% or $-0.56/share to $5.21. In the past year, the shares have traded as low as $5.64 and as high as $13.11. On average, 38650 shares of PRIS exchange hands on a given day and today's volume is recorded at 75990. 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 $7.53 area but be careful because the stock may face selling pressure at this level.
Shares of Credit Suisse Group (CS) fell by 13.44% or $-3.68/share to $23.7. In the past year, the shares have traded as low as $25.80 and as high as $46.17. On average, 2095230 shares of CS exchange hands on a given day and today's volume is recorded at 3131203. 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 $33.33 area but be careful because the stock may face selling pressure at this level.
Shares of Solazyme, Inc. (SZYM) fell by 8.11% or $-1.02/share to $11.56. In the past year, the shares have traded as low as $12.50 and as high as $27.47. On average, 379330 shares of SZYM exchange hands on a given day and today's volume is recorded at 166634. 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 $19.81 area but be careful because the stock may face selling pressure at this level.
