Stocks falling to new 52 week lows on May 30 are Telefonica, S.A, Fuel Systems Solutions, Inc, Synchronoss Technologies, Inc, Petrobras Argentina SA, and Banco Bilbao Vizcaya Argentaria, S.A. 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 Telefonica, S.A. (TEF) fell by 4.18% or $-0.48/share to $11.0. In the past year, the shares have traded as low as $11.40 and as high as $21.70. On average, 4640690 shares of TEF exchange hands on a given day and today's volume is recorded at 3103015. 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 $13.75 area but be careful because the stock may face selling pressure at this level.
Shares of Fuel Systems Solutions, Inc. (FSYS) fell by 4.08% or $-0.63/share to $14.8. In the past year, the shares have traded as low as $15.04 and as high as $29.41. On average, 466790 shares of FSYS exchange hands on a given day and today's volume is recorded at 96793. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $20.87 area where the stock may encounter resistance.
Shares of Synchronoss Technologies, Inc. (SNCR) fell by 3.07% or $-0.55/share to $17.38. In the past year, the shares have traded as low as $17.62 and as high as $38.90. On average, 475020 shares of SNCR exchange hands on a given day and today's volume is recorded at 107186. 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 $27.94 area but be careful because the stock may face selling pressure at this level.
Shares of Petrobras Argentina SA (PZE) fell by 4.33% or $-0.40/share to $8.83. In the past year, the shares have traded as low as $8.90 and as high as $21.46. On average, 116520 shares of PZE exchange hands on a given day and today's volume is recorded at 31600. 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 $11.39 area but be careful because the stock may face selling pressure at this level.
Shares of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) fell by 2.41% or $-0.14/share to $5.67. In the past year, the shares have traded as low as $5.76 and as high as $11.34. On average, 2181560 shares of BBVA exchange hands on a given day and today's volume is recorded at 1975267. 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 $6.96 area but be careful because the stock may face selling pressure at this level.
