Stocks falling to new 52 week lows on August 5 are CoreLogic, Inc, MIPS Technologies Inc, Pacific Biosciences of California, Inc, Brocade Communications Systems, Inc, and WMS Industries 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 CoreLogic, Inc. (CLGX) fell by 30.03% or $-4.31/share to $10.04. In the past year, the shares have traded as low as $14.34 and as high as $20.97. On average, 726590 shares of CLGX exchange hands on a given day and today's volume is recorded at 4948656. 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 $16.67 area but be careful because the stock may face selling pressure at this level.
Shares of MIPS Technologies Inc. (MIPS) fell by 28.52% or $-1.74/share to $4.36. In the past year, the shares have traded as low as $5.90 and as high as $18.19. On average, 1424730 shares of MIPS exchange hands on a given day and today's volume is recorded at 4352438. 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 $6.99 area but be careful because the stock may face selling pressure at this level.
Shares of Pacific Biosciences of California, Inc. (PACB) fell by 28.38% or $-2.81/share to $7.09. In the past year, the shares have traded as low as $9.76 and as high as $17.47. On average, 296200 shares of PACB exchange hands on a given day and today's volume is recorded at 843193. 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 $11.46 area but be careful because the stock may face selling pressure at this level.
Shares of Brocade Communications Systems, Inc. (BRCD) fell by 28.83% or $-1.41/share to $3.48. In the past year, the shares have traded as low as $4.64 and as high as $7.30. On average, 12580330 shares of BRCD exchange hands on a given day and today's volume is recorded at 66392804. 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 $5.98 area where the stock may encounter resistance.
Shares of WMS Industries Inc. (WMS) fell by 26.03% or $-6.58/share to $18.7. In the past year, the shares have traded as low as $25.21 and as high as $49.11. On average, 1005830 shares of WMS exchange hands on a given day and today's volume is recorded at 4251416. 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 $29.23 area but be careful because the stock may face selling pressure at this level.
