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Thursday, August 4, 2011

Making New Lows: (DNDN), (ENTR), (NTSP), (GTIV), (AIB)

Stocks falling to new 52 week lows on August 4 are Dendreon Corp, Entropic Communications, Inc, Netspend Holdings, Inc, Gentiva Health Services Inc, and Allied Irish Banks plc. 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 Dendreon Corp. (DNDN) fell by 65.14% or $-23.34/share to $12.49. In the past year, the shares have traded as low as $31.30 and as high as $43.95. On average, 2539610 shares of DNDN exchange hands on a given day and today's volume is recorded at 41975460. 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 $37.19 area where the stock may encounter resistance.

Shares of Entropic Communications, Inc. (ENTR) fell by 32.49% or $-2.17/share to $4.51. In the past year, the shares have traded as low as $6.36 and as high as $13.96. On average, 2587070 shares of ENTR exchange hands on a given day and today's volume is recorded at 15801582. 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 $8.12 area but be careful because the stock may face selling pressure at this level.

Shares of Netspend Holdings, Inc. (NTSP) fell by 34.16% or $-2.62/share to $5.05. In the past year, the shares have traded as low as $7.35 and as high as $16.21. On average, 455100 shares of NTSP exchange hands on a given day and today's volume is recorded at 2000597. 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 $8.47 area but be careful because the stock may face selling pressure at this level.

Shares of Gentiva Health Services Inc. (GTIV) fell by 30.46% or $-4.07/share to $9.29. In the past year, the shares have traded as low as $12.52 and as high as $29.21. On average, 303690 shares of GTIV exchange hands on a given day and today's volume is recorded at 2966481. 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 $20.31 area but be careful because the stock may face selling pressure at this level.

Shares of Allied Irish Banks plc (AIB) fell by 31.1% or $-0.51/share to $1.13. In the past year, the shares have traded as low as $1.55 and as high as $13.00. On average, 919960 shares of AIB exchange hands on a given day and today's volume is recorded at 2210364. 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 $2.13 area but be careful because the stock may face selling pressure at this level.