Stocks falling to new 52 week lows on June 11 are Alpha Natural Resources, Inc, Vonage Holdings Corporation, Basic Energy Services, Inc, Cellcom Israel Ltd, and Schnitzer Steel Industries 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 Alpha Natural Resources, Inc. (ANR) fell by 5.04% or $-0.47/share to $8.85. In the past year, the shares have traded as low as $9.03 and as high as $47.45. On average, 13639550 shares of ANR exchange hands on a given day and today's volume is recorded at 8634052. 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 $13.61 area but be careful because the stock may face selling pressure at this level.
Shares of Vonage Holdings Corporation (VG) fell by 5.59% or $-0.10/share to $1.69. In the past year, the shares have traded as low as $1.68 and as high as $4.82. On average, 1802370 shares of VG exchange hands on a given day and today's volume is recorded at 1442601. 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 $1.92 area but be careful because the stock may face selling pressure at this level.
Shares of Basic Energy Services, Inc. (BAS) traded higher by 1.09% or $0.11/share to $10.2. In the past year, the shares have traded as low as $10.08 and as high as $37.79. On average, 1519810 shares of BAS exchange hands on a given day and today's volume is recorded at 940288. 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 $13.62 area but be careful because the stock may face selling pressure at this level.
Shares of Cellcom Israel Ltd. (CEL) fell by 3.5% or $-0.25/share to $6.9. In the past year, the shares have traded as low as $6.97 and as high as $27.13. On average, 376350 shares of CEL exchange hands on a given day and today's volume is recorded at 290159. 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 $10.26 area but be careful because the stock may face selling pressure at this level.
Shares of Schnitzer Steel Industries Inc. (SCHN) fell by 5.18% or $-1.30/share to $23.82. In the past year, the shares have traded as low as $24.31 and as high as $58.67. On average, 408350 shares of SCHN exchange hands on a given day and today's volume is recorded at 201904. 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 $34.68 area but be careful because the stock may face selling pressure at this level.
