Stocks falling to new 52 week lows on July 28 are Clearwire Corporation, Akamai Technologies Inc, Flagstar Bancorp Inc, Hollysys Automation Technologies, Ltd, and CEMEX, S.A.B. de C.V. 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 Clearwire Corporation (CLWR) fell by 16.61% or $-0.46/share to $2.31. In the past year, the shares have traded as low as $2.76 and as high as $8.82. On average, 5368060 shares of CLWR exchange hands on a given day and today's volume is recorded at 9390074. 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 $3.85 area but be careful because the stock may face selling pressure at this level.
Shares of Akamai Technologies Inc. (AKAM) fell by 18.79% or $-5.54/share to $23.94. In the past year, the shares have traded as low as $28.69 and as high as $54.65. On average, 5446420 shares of AKAM exchange hands on a given day and today's volume is recorded at 12697703. 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 $30.97 area but be careful because the stock may face selling pressure at this level.
Shares of Flagstar Bancorp Inc. (FBC) fell by 21.58% or $-0.21/share to $0.77. In the past year, the shares have traded as low as $0.88 and as high as $3.36. On average, 2358170 shares of FBC exchange hands on a given day and today's volume is recorded at 8666646. 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 $1.27 area but be careful because the stock may face selling pressure at this level.
Shares of Hollysys Automation Technologies, Ltd (HOLI) fell by 6.63% or $-0.50/share to $7.04. In the past year, the shares have traded as low as $7.50 and as high as $18.15. On average, 816460 shares of HOLI exchange hands on a given day and today's volume is recorded at 520526. 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 $9.42 area but be careful because the stock may face selling pressure at this level.
Shares of CEMEX, S.A.B. de C.V. (CX) fell by 2.63% or $-0.19/share to $7.03. In the past year, the shares have traded as low as $7.19 and as high as $11.15. On average, 10559000 shares of CX exchange hands on a given day and today's volume is recorded at 12803799. 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 $8.07 area but be careful because the stock may face selling pressure at this level.
