Stocks falling to new 52 week lows on September 23 are Kronos Worldwide Inc, International Tower Hill Mines Ltd, Suntech Power Holdings Co. Ltd, Frontline Ltd, and Adecoagro S.A. 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 Kronos Worldwide Inc. (KRO) traded higher by 0.92% or $0.16/share to $17.49. In the past year, the shares have traded as low as $17.01 and as high as $34.24. On average, 786590 shares of KRO exchange hands on a given day and today's volume is recorded at 345192. 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 $23.68 area but be careful because the stock may face selling pressure at this level.
Shares of International Tower Hill Mines Ltd. (THM) fell by 6.2% or $-0.38/share to $5.75. In the past year, the shares have traded as low as $6.10 and as high as $10.49. On average, 302470 shares of THM exchange hands on a given day and today's volume is recorded at 364982. 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 $7.69 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) traded higher by 1.48% or $0.04/share to $2.75. In the past year, the shares have traded as low as $2.71 and as high as $10.83. On average, 3238900 shares of STP exchange hands on a given day and today's volume is recorded at 2334446. 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 $5.65 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) fell by 0.93% or $-0.05/share to $5.33. In the past year, the shares have traded as low as $5.25 and as high as $28.83. On average, 2300480 shares of FRO exchange hands on a given day and today's volume is recorded at 752936. 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 $8.17 area but be careful because the stock may face selling pressure at this level.
Shares of Adecoagro S.A. (AGRO) fell by 2.39% or $-0.21/share to $8.58. In the past year, the shares have traded as low as $8.62 and as high as $13.91. On average, 180620 shares of AGRO exchange hands on a given day and today's volume is recorded at 251560. 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 $10.59 area but be careful because the stock may face selling pressure at this level.
