Stocks falling to new 52 week lows on June 11 are Cell Therapeutics, Inc, Green Mountain Coffee Roasters Inc, GenOn Energy, Inc, Ctrip.com International Ltd, and United States Steel Corp. 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 Cell Therapeutics, Inc. (CTIC) fell by 6.76% or $-0.06/share to $0.79. In the past year, the shares have traded as low as $0.82 and as high as $2.20. On average, 1590980 shares of CTIC exchange hands on a given day and today's volume is recorded at 978108. 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 $1.06 area but be careful because the stock may face selling pressure at this level.
Shares of Green Mountain Coffee Roasters Inc. (GMCR) fell by 6.36% or $-1.47/share to $21.66. In the past year, the shares have traded as low as $21.77 and as high as $115.95. On average, 7752410 shares of GMCR exchange hands on a given day and today's volume is recorded at 7192139. 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 $34.65 area but be careful because the stock may face selling pressure at this level.
Shares of GenOn Energy, Inc. (GEN) fell by 4.97% or $-0.08/share to $1.53. In the past year, the shares have traded as low as $1.58 and as high as $4.14. On average, 6516390 shares of GEN exchange hands on a given day and today's volume is recorded at 2186627. 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 $1.96 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 8.6% or $-1.61/share to $17.06. In the past year, the shares have traded as low as $17.50 and as high as $47.55. On average, 2725380 shares of CTRP exchange hands on a given day and today's volume is recorded at 2211104. 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 $20.12 area but be careful because the stock may face selling pressure at this level.
Shares of United States Steel Corp. (X) fell by 4.65% or $-0.89/share to $18.24. In the past year, the shares have traded as low as $18.66 and as high as $47.01. On average, 11016250 shares of X exchange hands on a given day and today's volume is recorded at 7615412. 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 $25.51 area but be careful because the stock may face selling pressure at this level.
