Stocks falling to new 52 week lows on August 10 are Kosmos Energy Ltd. Common Share, Camelot Information Systems Inc, Sagent Pharmaceuticals, Inc, Stifel Financial Corp, and Navistar International Corp. 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 Kosmos Energy Ltd. Common Share (KOS) fell by 5.64% or $-0.68/share to $11.38. In the past year, the shares have traded as low as $11.89 and as high as $19.70. On average, 900750 shares of KOS exchange hands on a given day and today's volume is recorded at 221896. 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 $16.73 area but be careful because the stock may face selling pressure at this level.
Shares of Camelot Information Systems Inc. (CIS) fell by 16.12% or $-1.77/share to $9.21. In the past year, the shares have traded as low as $9.30 and as high as $28.18. On average, 624690 shares of CIS exchange hands on a given day and today's volume is recorded at 534891. 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 $13.89 area but be careful because the stock may face selling pressure at this level.
Shares of Sagent Pharmaceuticals, Inc. (SGNT) fell by 14.89% or $-2.54/share to $14.52. In the past year, the shares have traded as low as $15.00 and as high as $29.23. On average, 90090 shares of SGNT exchange hands on a given day and today's volume is recorded at 175320. 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 $24.57 area where the stock may encounter resistance.
Shares of Stifel Financial Corp. (SF) fell by 18.67% or $-5.34/share to $23.26. In the past year, the shares have traded as low as $26.24 and as high as $49.94. On average, 681350 shares of SF exchange hands on a given day and today's volume is recorded at 1742638. 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 $36.61 area but be careful because the stock may face selling pressure at this level.
Shares of Navistar International Corp. (NAV) fell by 5.17% or $-2.04/share to $37.45. In the past year, the shares have traded as low as $36.32 and as high as $71.50. On average, 1470600 shares of NAV exchange hands on a given day and today's volume is recorded at 1278132. 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 $53.96 area but be careful because the stock may face selling pressure at this level.
