Stocks falling to new 52 week lows on August 9 are EnerNOC, Inc, Limelight Networks, Inc, DTS Inc, AOL, Inc, and TransAtlantic Petroleum 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 EnerNOC, Inc. (ENOC) fell by 37.12% or $-5.33/share to $9.03. In the past year, the shares have traded as low as $14.10 and as high as $34.37. On average, 337020 shares of ENOC exchange hands on a given day and today's volume is recorded at 1371792. 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 $16.29 area but be careful because the stock may face selling pressure at this level.
Shares of Limelight Networks, Inc. (LLNW) fell by 32.06% or $-1.06/share to $2.24. In the past year, the shares have traded as low as $3.30 and as high as $8.96. On average, 1674440 shares of LLNW exchange hands on a given day and today's volume is recorded at 4232169. 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 $4.60 area but be careful because the stock may face selling pressure at this level.
Shares of DTS Inc. (DTSI) fell by 18.15% or $-5.39/share to $24.3. In the past year, the shares have traded as low as $28.01 and as high as $50.57. On average, 126310 shares of DTSI exchange hands on a given day and today's volume is recorded at 819070. 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 $39.26 area but be careful because the stock may face selling pressure at this level.
Shares of AOL, Inc. (AOL) fell by 19.77% or $-2.98/share to $12.09. In the past year, the shares have traded as low as $15.01 and as high as $27.65. On average, 1662440 shares of AOL exchange hands on a given day and today's volume is recorded at 6550326. 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 $19.32 area but be careful because the stock may face selling pressure at this level.
Shares of TransAtlantic Petroleum Ltd. (TAT) fell by 24.91% or $-0.28/share to $0.83. In the past year, the shares have traded as low as $0.92 and as high as $3.61. On average, 2223010 shares of TAT exchange hands on a given day and today's volume is recorded at 2924004. 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 $1.72 area but be careful because the stock may face selling pressure at this level.
