Stocks falling to new 52 week lows on June 28 are Orbotech Ltd, Alumina Ltd, PetroLogistics LP, Cell Therapeutics, Inc, and Credit Suisse Group. 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 Orbotech Ltd. (ORBK) fell by 17.29% or $-1.63/share to $7.8. In the past year, the shares have traded as low as $8.95 and as high as $13.00. On average, 110200 shares of ORBK exchange hands on a given day and today's volume is recorded at 1338343. 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 $10.03 area but be careful because the stock may face selling pressure at this level.
Shares of Alumina Ltd. (AWC) fell by 6.42% or $-0.21/share to $3.11. In the past year, the shares have traded as low as $3.26 and as high as $9.50. On average, 382330 shares of AWC exchange hands on a given day and today's volume is recorded at 278598. 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 $3.99 area but be careful because the stock may face selling pressure at this level.
Shares of PetroLogistics LP (PDH) fell by 2.64% or $-0.28/share to $10.32. In the past year, the shares have traded as low as $10.39 and as high as $17.06. On average, 887720 shares of PDH exchange hands on a given day and today's volume is recorded at 448629. 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 $14.60 area but be careful because the stock may face selling pressure at this level.
Shares of Cell Therapeutics, Inc. (CTIC) fell by 2.44% or $-0.01/share to $0.58. In the past year, the shares have traded as low as $0.58 and as high as $2.03. On average, 2301390 shares of CTIC exchange hands on a given day and today's volume is recorded at 766567. 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 $0.93 area but be careful because the stock may face selling pressure at this level.
Shares of Credit Suisse Group (CS) fell by 3.42% or $-0.61/share to $17.23. In the past year, the shares have traded as low as $17.55 and as high as $38.60. On average, 2761690 shares of CS exchange hands on a given day and today's volume is recorded at 1536017. 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 $20.78 area but be careful because the stock may face selling pressure at this level.
