Stocks falling to new 52 week lows on September 29 are Taseko Mines Ltd, Marathon Petroleum Corporation , Ctrip.com International Ltd, Golden Star Resources, Ltd, and Gran Tierra Energy, 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 Taseko Mines Ltd. (TGB) fell by 3.36% or $-0.09/share to $2.59. In the past year, the shares have traded as low as $2.67 and as high as $7.23. On average, 1545870 shares of TGB exchange hands on a given day and today's volume is recorded at 487216. 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 $3.71 area but be careful because the stock may face selling pressure at this level.
Shares of Marathon Petroleum Corporation (MPC) fell by 3.49% or $-1.01/share to $27.97. In the past year, the shares have traded as low as $28.84 and as high as $47.17. On average, 4095430 shares of MPC exchange hands on a given day and today's volume is recorded at 1756465. 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 $36.50 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 5.84% or $-1.97/share to $31.7. In the past year, the shares have traded as low as $31.45 and as high as $53.15. On average, 2145150 shares of CTRP exchange hands on a given day and today's volume is recorded at 2759984. 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 $39.71 area but be careful because the stock may face selling pressure at this level.
Shares of Golden Star Resources, Ltd. (GSS) fell by 2.26% or $-0.04/share to $1.73. In the past year, the shares have traded as low as $1.77 and as high as $6.01. On average, 4034290 shares of GSS exchange hands on a given day and today's volume is recorded at 1451069. 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 $2.38 area but be careful because the stock may face selling pressure at this level.
Shares of Gran Tierra Energy, Inc. (GTE) fell by 1.86% or $-0.09/share to $4.74. In the past year, the shares have traded as low as $4.79 and as high as $9.64. On average, 804640 shares of GTE exchange hands on a given day and today's volume is recorded at 381658. 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 $6.07 area but be careful because the stock may face selling pressure at this level.
