Stocks falling to new 52 week lows on August 5 are AsiaInfo-Linkage,Inc, Solazyme, Inc, Dolby Laboratories, Inc, Net 1 Ueps Technologies Inc, and Ameresco, 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 AsiaInfo-Linkage,Inc. (ASIA) fell by 14.1% or $-1.82/share to $11.09. In the past year, the shares have traded as low as $12.51 and as high as $24.50. On average, 980390 shares of ASIA exchange hands on a given day and today's volume is recorded at 2280259. 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 $15.44 area but be careful because the stock may face selling pressure at this level.
Shares of Solazyme, Inc. (SZYM) fell by 13.2% or $-2.58/share to $16.97. In the past year, the shares have traded as low as $19.25 and as high as $27.47. On average, 558470 shares of SZYM exchange hands on a given day and today's volume is recorded at 446273. 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 $22.94 area but be careful because the stock may face selling pressure at this level.
Shares of Dolby Laboratories, Inc. (DLB) fell by 17.65% or $-6.65/share to $31.02. In the past year, the shares have traded as low as $37.64 and as high as $69.69. On average, 733890 shares of DLB exchange hands on a given day and today's volume is recorded at 4473652. 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 $43.07 area but be careful because the stock may face selling pressure at this level.
Shares of Net 1 Ueps Technologies Inc. (UEPS) fell by 1.37% or $-0.10/share to $7.21. In the past year, the shares have traded as low as $7.26 and as high as $15.04. On average, 173060 shares of UEPS exchange hands on a given day and today's volume is recorded at 62750. 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 $8.30 area but be careful because the stock may face selling pressure at this level.
Shares of Ameresco, Inc. (AMRC) fell by 10.66% or $-1.29/share to $10.81. In the past year, the shares have traded as low as $11.51 and as high as $17.46. On average, 234660 shares of AMRC exchange hands on a given day and today's volume is recorded at 349148. 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 $13.92 area but be careful because the stock may face selling pressure at this level.
