Stocks falling to new 52 week lows on September 20 are Cninsure Inc, STR Holdings, Inc, CEMEX, S.A.B. de C.V, Aluminum Corporation Of China Limited, and Youku.com 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 Cninsure Inc. (CISG) fell by 0.14% or $-0.01/share to $7.3. In the past year, the shares have traded as low as $7.28 and as high as $26.74. On average, 501090 shares of CISG exchange hands on a given day and today's volume is recorded at 299970. 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 $12.54 area but be careful because the stock may face selling pressure at this level.
Shares of STR Holdings, Inc. (STRI) fell by 5.17% or $-0.50/share to $9.17. In the past year, the shares have traded as low as $9.45 and as high as $28.16. On average, 498290 shares of STRI exchange hands on a given day and today's volume is recorded at 82011. 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 $11.90 area but be careful because the stock may face selling pressure at this level.
Shares of CEMEX, S.A.B. de C.V. (CX) fell by 1.41% or $-0.06/share to $4.53. In the past year, the shares have traded as low as $4.57 and as high as $11.14. On average, 13287830 shares of CX exchange hands on a given day and today's volume is recorded at 7141632. 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 $5.97 area but be careful because the stock may face selling pressure at this level.
Shares of Aluminum Corporation Of China Limited (ACH) fell by 1.6% or $-0.22/share to $13.55. In the past year, the shares have traded as low as $13.72 and as high as $26.80. On average, 365780 shares of ACH exchange hands on a given day and today's volume is recorded at 113955. 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 $17.83 area but be careful because the stock may face selling pressure at this level.
Shares of Youku.com Inc (YOKU) fell by 4.37% or $-0.83/share to $18.16. In the past year, the shares have traded as low as $18.13 and as high as $69.95. On average, 4484200 shares of YOKU exchange hands on a given day and today's volume is recorded at 2244513. 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 $27.64 area but be careful because the stock may face selling pressure at this level.
