Stocks falling to new 52 week lows on December 12 are E-House (China) Holdings Limited, International Tower Hill Mines Ltd, National Bank of Greece SA, LRR Energy, L.P, and Cree, 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 E-House (China) Holdings Limited (EJ) fell by 7.17% or $-0.36/share to $4.66. In the past year, the shares have traded as low as $4.95 and as high as $15.92. On average, 381550 shares of EJ exchange hands on a given day and today's volume is recorded at 162235. 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 $6.43 area but be careful because the stock may face selling pressure at this level.
Shares of International Tower Hill Mines Ltd. (THM) fell by 7.39% or $-0.34/share to $4.26. In the past year, the shares have traded as low as $4.42 and as high as $10.49. On average, 360520 shares of THM exchange hands on a given day and today's volume is recorded at 257339. 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 $5.04 area but be careful because the stock may face selling pressure at this level.
Shares of National Bank of Greece SA (NBG) fell by 15.0% or $-0.36/share to $2.04. In the past year, the shares have traded as low as $2.15 and as high as $11.85. On average, 674660 shares of NBG exchange hands on a given day and today's volume is recorded at 345884. 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 $2.71 area but be careful because the stock may face selling pressure at this level.
Shares of LRR Energy, L.P. (LRE) fell by 2.63% or $-0.50/share to $18.5. In the past year, the shares have traded as low as $18.77 and as high as $19.25. On average, 237340 shares of LRE exchange hands on a given day and today's volume is recorded at 96685. 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 $19.03 area but be careful because the stock may face selling pressure at this level.
Shares of Cree, Inc. (CREE) fell by 6.05% or $-1.44/share to $22.35. In the past year, the shares have traded as low as $23.03 and as high as $31.34. On average, 3366120 shares of CREE exchange hands on a given day and today's volume is recorded at 1241360. 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 $26.56 area but be careful because the stock may face selling pressure at this level.
