Stocks falling to new 52 week lows on July 12 are AMR Corporation, Barclays PLC, Bank of America Corporation, Lumber Liquidators Holdings, Inc, and VanceInfo 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 AMR Corporation (AMR) fell by 1.32% or $-0.07/share to $5.24. In the past year, the shares have traded as low as $5.25 and as high as $8.98. On average, 10487360 shares of AMR exchange hands on a given day and today's volume is recorded at 3490763. 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 $5.99 area but be careful because the stock may face selling pressure at this level.
Shares of Barclays PLC (BCS) fell by 2.34% or $-0.35/share to $14.63. In the past year, the shares have traded as low as $14.81 and as high as $21.56. On average, 2572480 shares of BCS exchange hands on a given day and today's volume is recorded at 2247927. 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 $17.23 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 0.29% or $-0.03/share to $10.32. In the past year, the shares have traded as low as $10.30 and as high as $15.67. On average, 144415510 shares of BAC exchange hands on a given day and today's volume is recorded at 51758416. 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 $11.32 area but be careful because the stock may face selling pressure at this level.
Shares of Lumber Liquidators Holdings, Inc. (LL) fell by 0.61% or $-0.11/share to $17.85. In the past year, the shares have traded as low as $17.84 and as high as $28.96. On average, 587570 shares of LL exchange hands on a given day and today's volume is recorded at 313144. 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 $24.72 area where the stock may encounter resistance.
Shares of VanceInfo Technologies Inc. (VIT) fell by 0.76% or $-0.15/share to $19.59. In the past year, the shares have traded as low as $19.55 and as high as $41.06. On average, 1128140 shares of VIT exchange hands on a given day and today's volume is recorded at 180957. 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 $24.56 area but be careful because the stock may face selling pressure at this level.
