Stocks falling to new 52 week lows on August 18 are Camelot Information Systems Inc, Aeroflex Holding Corp, NetApp, Inc, Monster Worldwide, Inc, and hiSoft Technology International Ltd. 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 Camelot Information Systems Inc. (CIS) fell by 31.43% or $-2.69/share to $5.87. In the past year, the shares have traded as low as $7.17 and as high as $28.18. On average, 743500 shares of CIS exchange hands on a given day and today's volume is recorded at 3024140. 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 $12.92 area but be careful because the stock may face selling pressure at this level.
Shares of Aeroflex Holding Corp. (ARX) fell by 16.87% or $-1.67/share to $8.23. In the past year, the shares have traded as low as $9.59 and as high as $20.36. On average, 248480 shares of ARX exchange hands on a given day and today's volume is recorded at 270900. 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 $15.13 area but be careful because the stock may face selling pressure at this level.
Shares of NetApp, Inc. (NTAP) fell by 17.16% or $-7.15/share to $34.51. In the past year, the shares have traded as low as $38.00 and as high as $61.01. On average, 6842360 shares of NTAP exchange hands on a given day and today's volume is recorded at 25687236. 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 $48.67 area but be careful because the stock may face selling pressure at this level.
Shares of Monster Worldwide, Inc. (MWW) fell by 8.28% or $-0.70/share to $7.7. In the past year, the shares have traded as low as $8.24 and as high as $25.92. On average, 3468180 shares of MWW exchange hands on a given day and today's volume is recorded at 2890132. 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 $12.58 area but be careful because the stock may face selling pressure at this level.
Shares of hiSoft Technology International Ltd. (HSFT) fell by 6.77% or $-0.71/share to $9.78. In the past year, the shares have traded as low as $10.25 and as high as $34.01. On average, 368780 shares of HSFT exchange hands on a given day and today's volume is recorded at 337169. 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 $13.39 area but be careful because the stock may face selling pressure at this level.
