Stocks falling to new 52 week lows on June 11 are EnergySolutions, Inc, AK Steel Holding Corporation, KiOR, Inc, Central European Media Enterprises Ltd, and Centene 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 EnergySolutions, Inc (ES) fell by 53.48% or $-1.92/share to $1.67. In the past year, the shares have traded as low as $2.76 and as high as $5.43. On average, 853320 shares of ES exchange hands on a given day and today's volume is recorded at 19106912. 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 $3.71 area where the stock may encounter resistance.
Shares of AK Steel Holding Corporation (AKS) fell by 11.47% or $-0.67/share to $5.14. In the past year, the shares have traded as low as $5.41 and as high as $16.35. On average, 7316060 shares of AKS exchange hands on a given day and today's volume is recorded at 11982540. 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 $6.89 area but be careful because the stock may face selling pressure at this level.
Shares of KiOR, Inc. (KIOR) fell by 1.91% or $-0.13/share to $6.69. In the past year, the shares have traded as low as $6.81 and as high as $23.85. On average, 218870 shares of KIOR exchange hands on a given day and today's volume is recorded at 61503. 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 $10.11 area but be careful because the stock may face selling pressure at this level.
Shares of Central European Media Enterprises Ltd. (CETV) fell by 4.76% or $-0.26/share to $5.2. In the past year, the shares have traded as low as $5.39 and as high as $20.65. On average, 419020 shares of CETV exchange hands on a given day and today's volume is recorded at 282727. 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 $7.08 area but be careful because the stock may face selling pressure at this level.
Shares of Centene Corp. (CNC) fell by 24.61% or $-8.73/share to $26.74. In the past year, the shares have traded as low as $25.28 and as high as $50.98. On average, 1000290 shares of CNC exchange hands on a given day and today's volume is recorded at 7916516. 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 $38.77 area where the stock may encounter resistance.
