Stocks falling to new 52 week lows on September 21 are Youku.com Inc, James River Coal Co, Momenta Pharmaceuticals Inc, E-Commerce China Dangdang Inc. , and Fusion-io 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 Youku.com Inc (YOKU) fell by 7.18% or $-1.31/share to $16.94. In the past year, the shares have traded as low as $17.72 and as high as $69.94. On average, 4468610 shares of YOKU exchange hands on a given day and today's volume is recorded at 3778870. 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 $27.27 area but be careful because the stock may face selling pressure at this level.
Shares of James River Coal Co. (JRCC) fell by 7.06% or $-0.64/share to $8.42. In the past year, the shares have traded as low as $8.96 and as high as $27.06. On average, 1362590 shares of JRCC exchange hands on a given day and today's volume is recorded at 1558632. 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 $14.05 area but be careful because the stock may face selling pressure at this level.
Shares of Momenta Pharmaceuticals Inc. (MNTA) fell by 5.17% or $-0.60/share to $11.0. In the past year, the shares have traded as low as $11.60 and as high as $21.00. On average, 876150 shares of MNTA exchange hands on a given day and today's volume is recorded at 1759412. 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 $16.51 area where the stock may encounter resistance.
Shares of E-Commerce China Dangdang Inc. (DANG) fell by 4.39% or $-0.26/share to $5.66. In the past year, the shares have traded as low as $5.88 and as high as $36.40. On average, 3830270 shares of DANG exchange hands on a given day and today's volume is recorded at 1172782. 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 $9.09 area but be careful because the stock may face selling pressure at this level.
Shares of Fusion-io Inc. (FIO) fell by 6.06% or $-1.12/share to $17.35. In the past year, the shares have traded as low as $18.12 and as high as $36.98. On average, 701760 shares of FIO exchange hands on a given day and today's volume is recorded at 525557. 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 $25.86 area but be careful because the stock may face selling pressure at this level.
