Stocks falling to new 52 week lows on September 9 are Suntech Power Holdings Co. Ltd, Lazard Ltd, Trina Solar Ltd, Yingli Green Energy Holding Co. Ltd, and Korn/Ferry International. 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 Suntech Power Holdings Co. Ltd. (STP) fell by 4.11% or $-0.18/share to $4.2. In the past year, the shares have traded as low as $4.37 and as high as $10.83. On average, 2826580 shares of STP exchange hands on a given day and today's volume is recorded at 1895152. 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 $6.49 area but be careful because the stock may face selling pressure at this level.
Shares of Lazard Ltd. (LAZ) fell by 4.15% or $-1.07/share to $24.73. In the past year, the shares have traded as low as $25.72 and as high as $46.14. On average, 967900 shares of LAZ exchange hands on a given day and today's volume is recorded at 764090. 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 $31.42 area but be careful because the stock may face selling pressure at this level.
Shares of Trina Solar Ltd. (TSL) fell by 6.17% or $-0.70/share to $10.64. In the past year, the shares have traded as low as $11.20 and as high as $31.89. On average, 3331540 shares of TSL exchange hands on a given day and today's volume is recorded at 2290466. 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 $16.79 area but be careful because the stock may face selling pressure at this level.
Shares of Yingli Green Energy Holding Co. Ltd. (YGE) fell by 6.15% or $-0.30/share to $4.51. In the past year, the shares have traded as low as $4.79 and as high as $14.30. On average, 4340520 shares of YGE exchange hands on a given day and today's volume is recorded at 1963299. 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 $6.76 area but be careful because the stock may face selling pressure at this level.
Shares of Korn/Ferry International (KFY) fell by 10.14% or $-1.52/share to $13.47. In the past year, the shares have traded as low as $13.99 and as high as $24.77. On average, 447740 shares of KFY exchange hands on a given day and today's volume is recorded at 422542. 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 $18.97 area but be careful because the stock may face selling pressure at this level.
