Stocks falling to new 52 week lows on May 28 are VimpelCom Ltd, MakeMyTrip Limited, Semiconductor Manufacturing International Corp, Coca-Cola Hellenic Bottling Company S.A, and HudBay Minerals, 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 VimpelCom Ltd. (VIP) fell by 16.27% or $-1.42/share to $7.31. In the past year, the shares have traded as low as $8.38 and as high as $13.77. On average, 2033780 shares of VIP exchange hands on a given day and today's volume is recorded at 8900104. 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 $10.19 area but be careful because the stock may face selling pressure at this level.
Shares of MakeMyTrip Limited (MMYT) fell by 7.72% or $-1.20/share to $14.35. In the past year, the shares have traded as low as $15.09 and as high as $33.90. On average, 125350 shares of MMYT exchange hands on a given day and today's volume is recorded at 241766. 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 $20.16 area but be careful because the stock may face selling pressure at this level.
Shares of Semiconductor Manufacturing International Corp. (SMI) fell by 5.0% or $-0.10/share to $1.9. In the past year, the shares have traded as low as $1.97 and as high as $4.26. On average, 118800 shares of SMI exchange hands on a given day and today's volume is recorded at 127304. 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 $2.40 area but be careful because the stock may face selling pressure at this level.
Shares of Coca-Cola Hellenic Bottling Company S.A. (CCH) fell by 8.39% or $-1.31/share to $14.3. In the past year, the shares have traded as low as $14.75 and as high as $27.40. On average, 23670 shares of CCH exchange hands on a given day and today's volume is recorded at 129535. 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 $18.43 area but be careful because the stock may face selling pressure at this level.
Shares of HudBay Minerals, Inc. (HBM) fell by 1.8% or $-0.14/share to $7.62. In the past year, the shares have traded as low as $7.72 and as high as $15.71. On average, 37160 shares of HBM exchange hands on a given day and today's volume is recorded at 48504. 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 $10.23 area but be careful because the stock may face selling pressure at this level.
