Stocks falling to new 52 week lows on July 13 are Investment Technology Group Inc, The Governor and Company of The Bank of Ireland, Frontline Ltd, VanceInfo Technologies Inc, and Nokia Corporation. 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 Investment Technology Group Inc. (ITG) fell by 15.34% or $-2.10/share to $11.59. In the past year, the shares have traded as low as $13.00 and as high as $19.87. On average, 387330 shares of ITG exchange hands on a given day and today's volume is recorded at 1927135. 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 $14.56 area but be careful because the stock may face selling pressure at this level.
Shares of The Governor and Company of The Bank of Ireland (IRE) fell by 4.95% or $-0.05/share to $0.96. In the past year, the shares have traded as low as $1.00 and as high as $4.86. On average, 2975110 shares of IRE exchange hands on a given day and today's volume is recorded at 4078990. 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 $1.44 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) fell by 0.32% or $-0.04/share to $12.27. In the past year, the shares have traded as low as $12.26 and as high as $32.38. On average, 1628240 shares of FRO exchange hands on a given day and today's volume is recorded at 2698483. 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 $17.37 area but be careful because the stock may face selling pressure at this level.
Shares of VanceInfo Technologies Inc. (VIT) fell by 2.61% or $-0.50/share to $18.66. In the past year, the shares have traded as low as $19.15 and as high as $41.06. On average, 1132810 shares of VIT exchange hands on a given day and today's volume is recorded at 486737. 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 $24.30 area but be careful because the stock may face selling pressure at this level.
Shares of Nokia Corporation (NOK) fell by 1.03% or $-0.06/share to $5.74. In the past year, the shares have traded as low as $5.79 and as high as $11.06. On average, 34309060 shares of NOK exchange hands on a given day and today's volume is recorded at 23226804. 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 $7.13 area but be careful because the stock may face selling pressure at this level.
