Stocks falling to new 52 week lows on June 12 are Alpha Natural Resources, Inc, Quicksilver Resources Inc, KiOR, Inc, Ctrip.com International Ltd, and Etablissements Delhaize Freres et Cie Le Lion S.A. 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 1.18% or $-0.10/share to $8.36. In the past year, the shares have traded as low as $8.45 and as high as $47.26. On average, 13763260 shares of ANR exchange hands on a given day and today's volume is recorded at 11087174. 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 $13.48 area but be careful because the stock may face selling pressure at this level.
Shares of Quicksilver Resources Inc. (KWK) fell by 0.54% or $-0.02/share to $3.5. In the past year, the shares have traded as low as $3.48 and as high as $15.28. On average, 4217050 shares of KWK exchange hands on a given day and today's volume is recorded at 1714268. 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 $4.30 area but be careful because the stock may face selling pressure at this level.
Shares of KiOR, Inc. (KIOR) fell by 1.5% or $-0.10/share to $6.56. In the past year, the shares have traded as low as $6.50 and as high as $23.85. On average, 218800 shares of KIOR exchange hands on a given day and today's volume is recorded at 145547. 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 $9.97 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 1.35% or $-0.23/share to $16.83. In the past year, the shares have traded as low as $16.94 and as high as $47.54. On average, 2709830 shares of CTRP exchange hands on a given day and today's volume is recorded at 1784279. 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 $20.02 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 1.64% or $-0.56/share to $33.54. In the past year, the shares have traded as low as $34.07 and as high as $74.29. On average, 51400 shares of DEG exchange hands on a given day and today's volume is recorded at 30454. 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 $41.42 area but be careful because the stock may face selling pressure at this level.
