Stocks falling to new 52 week lows on September 14 are Solutia Inc, TriQuint Semiconductor, Inc, Fusion-io Inc, Och-Ziff Capital Management Group LLC, and Companhia Paranaense de Energia. 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 Solutia Inc. (SOA) fell by 3.23% or $-0.52/share to $15.56. In the past year, the shares have traded as low as $14.49 and as high as $27.08. On average, 2317370 shares of SOA exchange hands on a given day and today's volume is recorded at 3452651. 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 $18.90 area but be careful because the stock may face selling pressure at this level.
Shares of TriQuint Semiconductor, Inc. (TQNT) remained unchanged at $5.96. In the past year, the shares have traded as low as $5.88 and as high as $15.20. On average, 5254630 shares of TQNT exchange hands on a given day and today's volume is recorded at 2858325. 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 $8.20 area but be careful because the stock may face selling pressure at this level.
Shares of Fusion-io Inc. (FIO) fell by 5.72% or $-1.19/share to $19.68. In the past year, the shares have traded as low as $19.28 and as high as $36.97. On average, 736160 shares of FIO exchange hands on a given day and today's volume is recorded at 341484. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $26.76 area where the stock may encounter resistance.
Shares of Och-Ziff Capital Management Group LLC (OZM) fell by 0.26% or $-0.03/share to $9.66. In the past year, the shares have traded as low as $9.49 and as high as $16.63. On average, 683550 shares of OZM exchange hands on a given day and today's volume is recorded at 174697. 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 $11.72 area but be careful because the stock may face selling pressure at this level.
Shares of Companhia Paranaense de Energia (ELP) fell by 1.87% or $-0.38/share to $19.91. In the past year, the shares have traded as low as $20.09 and as high as $29.05. On average, 646460 shares of ELP exchange hands on a given day and today's volume is recorded at 170517. 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 $23.36 area but be careful because the stock may face selling pressure at this level.
