Stocks falling to new 52 week lows on June 28 are Advanced Semiconductor Engineering Inc, Canadian Natural Resources Limited, BRF - Brasil Foods S.A, Forum Energy Technologies, Inc, and Sims Metal Management Limited. 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 Advanced Semiconductor Engineering Inc. (ASX) fell by 1.0% or $-0.04/share to $3.96. In the past year, the shares have traded as low as $3.98 and as high as $5.71. On average, 1110930 shares of ASX exchange hands on a given day and today's volume is recorded at 1846654. 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 $4.65 area but be careful because the stock may face selling pressure at this level.
Shares of Canadian Natural Resources Limited (CNQ) fell by 1.74% or $-0.45/share to $25.46. In the past year, the shares have traded as low as $25.45 and as high as $43.60. On average, 3551450 shares of CNQ exchange hands on a given day and today's volume is recorded at 1773294. 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 $29.67 area but be careful because the stock may face selling pressure at this level.
Shares of BRF - Brasil Foods S.A. (BRFS) fell by 1.0% or $-0.15/share to $14.8. In the past year, the shares have traded as low as $14.83 and as high as $21.70. On average, 1982460 shares of BRFS exchange hands on a given day and today's volume is recorded at 647787. 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 $16.72 area but be careful because the stock may face selling pressure at this level.
Shares of Forum Energy Technologies, Inc. (FET) fell by 1.15% or $-0.22/share to $18.92. In the past year, the shares have traded as low as $18.89 and as high as $23.86. On average, 793780 shares of FET exchange hands on a given day and today's volume is recorded at 48953. 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 $21.24 area but be careful because the stock may face selling pressure at this level.
Shares of Sims Metal Management Limited (SMS) fell by 1.4% or $-0.13/share to $9.15. In the past year, the shares have traded as low as $9.13 and as high as $19.01. On average, 67270 shares of SMS exchange hands on a given day and today's volume is recorded at 48618. 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 $11.98 area but be careful because the stock may face selling pressure at this level.
