Stocks falling to new 52 week lows on June 17 are Research In Motion Limited, Qihoo 360 Technology Co. Ltd. A, Lender Processing Services, Inc, Rubicon Technology, Inc, and Himax Technologies, Inc. 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 Research In Motion Limited (RIMM) fell by 21.48% or $-7.59/share to $27.74. In the past year, the shares have traded as low as $34.67 and as high as $70.53. On average, 14966620 shares of RIMM exchange hands on a given day and today's volume is recorded at 72329632. 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 $46.19 area but be careful because the stock may face selling pressure at this level.
Shares of Qihoo 360 Technology Co. Ltd. A (QIHU) fell by 13.94% or $-2.85/share to $17.6. In the past year, the shares have traded as low as $20.10 and as high as $36.21. On average, 2808430 shares of QIHU exchange hands on a given day and today's volume is recorded at 1257463. 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 $26.65 area but be careful because the stock may face selling pressure at this level.
Shares of Lender Processing Services, Inc. (LPS) fell by 11.98% or $-2.80/share to $20.57. In the past year, the shares have traded as low as $23.33 and as high as $34.75. On average, 1244220 shares of LPS exchange hands on a given day and today's volume is recorded at 3291478. 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 $27.58 area but be careful because the stock may face selling pressure at this level.
Shares of Rubicon Technology, Inc. (RBCN) fell by 10.23% or $-1.85/share to $16.23. In the past year, the shares have traded as low as $17.48 and as high as $35.90. On average, 709070 shares of RBCN exchange hands on a given day and today's volume is recorded at 2097260. 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 $23.15 area where the stock may encounter resistance.
Shares of Himax Technologies, Inc. (HIMX) fell by 4.66% or $-0.09/share to $1.84. In the past year, the shares have traded as low as $1.93 and as high as $2.97. On average, 123350 shares of HIMX exchange hands on a given day and today's volume is recorded at 201874. 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 $2.25 area but be careful because the stock may face selling pressure at this level.
