Stocks falling to new 52 week lows on August 19 are MedQuist Holdings Inc, Aeroflex Holding Corp, Autodesk, Inc, Gaylord Entertainment Co, and Meritor, Inc. Common Stock. 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 MedQuist Holdings Inc. (MEDH) fell by 4.35% or $-0.32/share to $7.03. In the past year, the shares have traded as low as $7.21 and as high as $14.20. On average, 356050 shares of MEDH exchange hands on a given day and today's volume is recorded at 637785. 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 $11.04 area where the stock may encounter resistance.
Shares of Aeroflex Holding Corp. (ARX) traded higher by 8.91% or $0.69/share to $8.38. In the past year, the shares have traded as low as $7.64 and as high as $20.37. On average, 251670 shares of ARX exchange hands on a given day and today's volume is recorded at 331785. 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 $14.95 area but be careful because the stock may face selling pressure at this level.
Shares of Autodesk, Inc. (ADSK) fell by 5.28% or $-1.40/share to $25.11. In the past year, the shares have traded as low as $26.16 and as high as $46.15. On average, 3722850 shares of ADSK exchange hands on a given day and today's volume is recorded at 8625254. 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 $35.20 area but be careful because the stock may face selling pressure at this level.
Shares of Gaylord Entertainment Co. (GET) fell by 6.22% or $-1.50/share to $22.63. In the past year, the shares have traded as low as $22.11 and as high as $38.22. On average, 885590 shares of GET exchange hands on a given day and today's volume is recorded at 1399988. 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 $29.01 area but be careful because the stock may face selling pressure at this level.
Shares of Meritor, Inc. Common Stock (MTOR) fell by 5.76% or $-0.46/share to $7.53. In the past year, the shares have traded as low as $7.85 and as high as $22.65. On average, 1785150 shares of MTOR exchange hands on a given day and today's volume is recorded at 1836623. 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 $13.64 area but be careful because the stock may face selling pressure at this level.
