Stocks falling to new 52 week lows on June 8 are KiOR, Inc, BBVA Banco Frances S.A, Etablissements Delhaize Freres et Cie Le Lion S.A, Alpha Natural Resources, Inc, and Petrobras Argentina SA. 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 KiOR, Inc. (KIOR) fell by 5.54% or $-0.42/share to $7.16. In the past year, the shares have traded as low as $7.51 and as high as $23.85. On average, 213780 shares of KIOR exchange hands on a given day and today's volume is recorded at 122875. 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 $10.24 area but be careful because the stock may face selling pressure at this level.
Shares of BBVA Banco Frances S.A. (BFR) fell by 1.15% or $-0.04/share to $3.45. In the past year, the shares have traded as low as $3.42 and as high as $10.61. On average, 145190 shares of BFR exchange hands on a given day and today's volume is recorded at 72879. 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 $4.76 area but be careful because the stock may face selling pressure at this level.
Shares of Etablissements Delhaize Freres et Cie Le Lion S.A. (DEG) fell by 3.87% or $-1.40/share to $34.82. In the past year, the shares have traded as low as $36.07 and as high as $75.83. On average, 51140 shares of DEG exchange hands on a given day and today's volume is recorded at 27539. 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 $42.02 area but be careful because the stock may face selling pressure at this level.
Shares of Alpha Natural Resources, Inc. (ANR) fell by 3.13% or $-0.30/share to $9.27. In the past year, the shares have traded as low as $9.52 and as high as $48.53. On average, 13598800 shares of ANR exchange hands on a given day and today's volume is recorded at 5532234. 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 $13.73 area but be careful because the stock may face selling pressure at this level.
Shares of Petrobras Argentina SA (PZE) fell by 1.88% or $-0.15/share to $7.85. In the past year, the shares have traded as low as $8.00 and as high as $20.33. On average, 116310 shares of PZE exchange hands on a given day and today's volume is recorded at 21298. 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 $10.69 area but be careful because the stock may face selling pressure at this level.
