Stocks falling to new 52 week lows on December 28 are Pan American Silver Corp, IAMGOLD Corp, Agnico-Eagle Mines Ltd, E-House (China) Holdings Limited, and Kinross Gold 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 Pan American Silver Corp. (PAAS) fell by 4.02% or $-0.88/share to $21.02. In the past year, the shares have traded as low as $21.31 and as high as $42.95. On average, 1109400 shares of PAAS exchange hands on a given day and today's volume is recorded at 388486. 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 $25.59 area but be careful because the stock may face selling pressure at this level.
Shares of IAMGOLD Corp. (IAG) fell by 2.58% or $-0.41/share to $15.51. In the past year, the shares have traded as low as $15.69 and as high as $23.69. On average, 2140340 shares of IAG exchange hands on a given day and today's volume is recorded at 413270. 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 $19.37 area but be careful because the stock may face selling pressure at this level.
Shares of Agnico-Eagle Mines Ltd. (AEM) fell by 1.61% or $-0.58/share to $35.55. In the past year, the shares have traded as low as $35.87 and as high as $76.53. On average, 2251430 shares of AEM exchange hands on a given day and today's volume is recorded at 473760. 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 $43.26 area but be careful because the stock may face selling pressure at this level.
Shares of E-House (China) Holdings Limited (EJ) fell by 2.59% or $-0.11/share to $4.14. In the past year, the shares have traded as low as $4.21 and as high as $15.92. On average, 385470 shares of EJ exchange hands on a given day and today's volume is recorded at 48892. 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 $6.12 area but be careful because the stock may face selling pressure at this level.
Shares of Kinross Gold Corporation (KGC) fell by 1.99% or $-0.23/share to $11.33. In the past year, the shares have traded as low as $11.43 and as high as $19.14. On average, 7255600 shares of KGC exchange hands on a given day and today's volume is recorded at 1658250. 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 $13.42 area but be careful because the stock may face selling pressure at this level.
