Stocks falling to new 52 week lows on January 9 are Central European Media Enterprises Ltd, National Bank of Greece SA, SK Telecom Co. Ltd, Franklin Street Properties Corp, and Abercrombie & Fitch Co. 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 Central European Media Enterprises Ltd. (CETV) fell by 0.16% or $-0.01/share to $6.21. In the past year, the shares have traded as low as $6.21 and as high as $23.80. On average, 515039 shares of CETV exchange hands on a given day and today's volume is recorded at 195707. 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 $8.38 area but be careful because the stock may face selling pressure at this level.
Shares of National Bank of Greece SA (NBG) fell by 2.86% or $-0.05/share to $1.7. In the past year, the shares have traded as low as $1.72 and as high as $11.85. On average, 691860 shares of NBG exchange hands on a given day and today's volume is recorded at 206142. 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 $2.34 area but be careful because the stock may face selling pressure at this level.
Shares of SK Telecom Co. Ltd. (SKM) fell by 1.52% or $-0.20/share to $12.98. In the past year, the shares have traded as low as $13.17 and as high as $20.29. On average, 2048770 shares of SKM exchange hands on a given day and today's volume is recorded at 788392. 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 $14.43 area but be careful because the stock may face selling pressure at this level.
Shares of Franklin Street Properties Corp. (FSP) fell by 0.92% or $-0.09/share to $9.68. In the past year, the shares have traded as low as $9.77 and as high as $14.95. On average, 355450 shares of FSP exchange hands on a given day and today's volume is recorded at 81260. 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 $10.85 area but be careful because the stock may face selling pressure at this level.
Shares of Abercrombie & Fitch Co. (ANF) fell by 1.25% or $-0.56/share to $44.35. In the past year, the shares have traded as low as $44.22 and as high as $77.73. On average, 2908080 shares of ANF exchange hands on a given day and today's volume is recorded at 2414109. 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 $52.62 area but be careful because the stock may face selling pressure at this level.
