Stocks falling to new 52 week lows on October 3 are Mosaic Co, Sotheby's, China Eastern Airlines Corp. Ltd, Itron, Inc, and Suntech Power Holdings Co. Ltd. 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 Mosaic Co. (MOS) fell by 9.65% or $-5.23/share to $48.97. In the past year, the shares have traded as low as $52.61 and as high as $89.12. On average, 7889260 shares of MOS exchange hands on a given day and today's volume is recorded at 18896100. 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 $66.84 area but be careful because the stock may face selling pressure at this level.
Shares of Sotheby's (BID) fell by 11.8% or $-3.69/share to $27.57. In the past year, the shares have traded as low as $29.85 and as high as $55.53. On average, 1490550 shares of BID exchange hands on a given day and today's volume is recorded at 3739200. 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 $36.47 area but be careful because the stock may face selling pressure at this level.
Shares of China Eastern Airlines Corp. Ltd. (CEA) fell by 11.32% or $-1.97/share to $15.44. In the past year, the shares have traded as low as $16.25 and as high as $34.58. On average, 29210 shares of CEA exchange hands on a given day and today's volume is recorded at 66300. 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 $22.10 area but be careful because the stock may face selling pressure at this level.
Shares of Itron, Inc. (ITRI) fell by 8.21% or $-2.64/share to $29.5. In the past year, the shares have traded as low as $31.31 and as high as $67.58. On average, 482370 shares of ITRI exchange hands on a given day and today's volume is recorded at 964000. 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 $38.68 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) fell by 9.06% or $-0.23/share to $2.31. In the past year, the shares have traded as low as $2.48 and as high as $10.83. On average, 3475720 shares of STP exchange hands on a given day and today's volume is recorded at 4537600. 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 $5.18 area but be careful because the stock may face selling pressure at this level.
