Stocks falling to new 52 week lows on April 4 are First Solar, Inc, Harmony Gold Mining Co. Ltd, AngloGold Ashanti Ltd, Grupo Prisa SA, 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 First Solar, Inc. (FSLR) traded higher by 1.02% or $0.23/share to $22.83. In the past year, the shares have traded as low as $22.42 and as high as $161.46. On average, 5462680 shares of FSLR exchange hands on a given day and today's volume is recorded at 3556461. 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 $34.39 area but be careful because the stock may face selling pressure at this level.
Shares of Harmony Gold Mining Co. Ltd. (HMY) fell by 4.45% or $-0.48/share to $10.3. In the past year, the shares have traded as low as $10.58 and as high as $15.56. On average, 2103010 shares of HMY exchange hands on a given day and today's volume is recorded at 596115. 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 $11.97 area but be careful because the stock may face selling pressure at this level.
Shares of AngloGold Ashanti Ltd. (AU) fell by 3.41% or $-1.23/share to $34.8. In the past year, the shares have traded as low as $35.66 and as high as $51.09. On average, 1818770 shares of AU exchange hands on a given day and today's volume is recorded at 910544. 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 $41.52 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Prisa SA (PRIS) fell by 14.29% or $-0.45/share to $2.7. In the past year, the shares have traded as low as $2.76 and as high as $13.11. On average, 26320 shares of PRIS exchange hands on a given day and today's volume is recorded at 96333. 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 $3.92 area but be careful because the stock may face selling pressure at this level.
Shares of Kinross Gold Corporation (KGC) fell by 3.31% or $-0.32/share to $9.35. In the past year, the shares have traded as low as $9.51 and as high as $18.05. On average, 9606760 shares of KGC exchange hands on a given day and today's volume is recorded at 4899523. 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 $10.63 area but be careful because the stock may face selling pressure at this level.
