Stocks falling to new 52 week lows on July 29 are Applied Micro Circuits Corp, GOL Linhas A, Flagstar Bancorp Inc, STEC, Inc, and KBW 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 Applied Micro Circuits Corp. (AMCC) fell by 15.85% or $-1.23/share to $6.53. In the past year, the shares have traded as low as $7.67 and as high as $12.48. On average, 881500 shares of AMCC exchange hands on a given day and today's volume is recorded at 2565883. 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 $8.98 area but be careful because the stock may face selling pressure at this level.
Shares of GOL Linhas A (GOL) fell by 13.31% or $-1.33/share to $8.66. In the past year, the shares have traded as low as $9.95 and as high as $18.50. On average, 1236120 shares of GOL exchange hands on a given day and today's volume is recorded at 2868672. 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 $11.95 area but be careful because the stock may face selling pressure at this level.
Shares of Flagstar Bancorp Inc. (FBC) traded higher by 1.37% or $0.01/share to $0.74. In the past year, the shares have traded as low as $0.71 and as high as $3.35. On average, 2668380 shares of FBC exchange hands on a given day and today's volume is recorded at 5290486. 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 $1.25 area but be careful because the stock may face selling pressure at this level.
Shares of STEC, Inc. (STEC) fell by 37.96% or $-6.34/share to $10.36. In the past year, the shares have traded as low as $10.95 and as high as $25.44. On average, 2037200 shares of STEC exchange hands on a given day and today's volume is recorded at 12061017. 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 $17.05 area but be careful because the stock may face selling pressure at this level.
Shares of KBW Inc (KBW) fell by 2.02% or $-0.35/share to $16.94. In the past year, the shares have traded as low as $17.04 and as high as $29.03. On average, 226650 shares of KBW exchange hands on a given day and today's volume is recorded at 211490. 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 $19.13 area but be careful because the stock may face selling pressure at this level.
