Stocks falling to new 52 week lows on September 21 are Freeport-McMoRan Copper & Gold Inc, Popular Inc, Teavana Holdings, Inc. Common S, Kindred Healthcare Inc, and Patriot Coal Corporation. 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 Freeport-McMoRan Copper & Gold Inc. (FCX) fell by 3.32% or $-1.28/share to $37.27. In the past year, the shares have traded as low as $38.13 and as high as $60.78. On average, 17779150 shares of FCX exchange hands on a given day and today's volume is recorded at 22530620. 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 $47.48 area but be careful because the stock may face selling pressure at this level.
Shares of Popular Inc. (BPOP) fell by 5.56% or $-0.09/share to $1.53. In the past year, the shares have traded as low as $1.60 and as high as $3.59. On average, 10563390 shares of BPOP exchange hands on a given day and today's volume is recorded at 3175356. 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 $2.13 area but be careful because the stock may face selling pressure at this level.
Shares of Teavana Holdings, Inc. Common S (TEA) fell by 4.57% or $-0.94/share to $19.62. In the past year, the shares have traded as low as $20.18 and as high as $29.35. On average, 519750 shares of TEA exchange hands on a given day and today's volume is recorded at 399829. 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 $24.40 area but be careful because the stock may face selling pressure at this level.
Shares of Kindred Healthcare Inc. (KND) fell by 2.24% or $-0.24/share to $10.48. In the past year, the shares have traded as low as $10.69 and as high as $28.99. On average, 1286530 shares of KND exchange hands on a given day and today's volume is recorded at 437089. 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 $14.72 area but be careful because the stock may face selling pressure at this level.
Shares of Patriot Coal Corporation (PCX) fell by 8.85% or $-1.01/share to $10.4. In the past year, the shares have traded as low as $10.75 and as high as $29.20. On average, 6302030 shares of PCX exchange hands on a given day and today's volume is recorded at 7399702. 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 $16.46 area but be careful because the stock may face selling pressure at this level.
