Stocks falling to new 52 week lows on June 5 are France Telecom, National Bank of Greece SA, Ubiquiti Networks, Inc, Yanzhou Coal Mining Co. Ltd, and Heckmann Corporation. 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 France Telecom (FTE) fell by 8.53% or $-1.10/share to $11.8. In the past year, the shares have traded as low as $12.46 and as high as $20.50. On average, 1946660 shares of FTE exchange hands on a given day and today's volume is recorded at 819730. 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 $13.63 area but be careful because the stock may face selling pressure at this level.
Shares of National Bank of Greece SA (NBG) fell by 3.26% or $-0.04/share to $1.19. In the past year, the shares have traded as low as $1.17 and as high as $7.55. On average, 1113940 shares of NBG exchange hands on a given day and today's volume is recorded at 504409. 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 $2.11 area but be careful because the stock may face selling pressure at this level.
Shares of Ubiquiti Networks, Inc. (UBNT) fell by 4.62% or $-0.77/share to $15.91. In the past year, the shares have traded as low as $16.25 and as high as $35.99. On average, 578400 shares of UBNT exchange hands on a given day and today's volume is recorded at 447675. 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 $23.59 area where the stock may encounter resistance.
Shares of Yanzhou Coal Mining Co. Ltd. (YZC) fell by 2.6% or $-0.41/share to $15.38. In the past year, the shares have traded as low as $15.57 and as high as $40.00. On average, 207940 shares of YZC exchange hands on a given day and today's volume is recorded at 62247. 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 $19.85 area but be careful because the stock may face selling pressure at this level.
Shares of Heckmann Corporation (HEK) fell by 2.65% or $-0.08/share to $2.94. In the past year, the shares have traded as low as $2.99 and as high as $7.05. On average, 3597580 shares of HEK exchange hands on a given day and today's volume is recorded at 1652869. 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 $3.88 area but be careful because the stock may face selling pressure at this level.
