Stocks falling to new 52 week lows on August 25 are Comstock Resources Inc, ICICI Bank Ltd, CIENA Corp, Aspen Insurance Holdings Ltd, and Axis Capital Holdings 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 Comstock Resources Inc. (CRK) fell by 4.58% or $-0.94/share to $19.57. In the past year, the shares have traded as low as $19.54 and as high as $33.63. On average, 1131590 shares of CRK exchange hands on a given day and today's volume is recorded at 400399. 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 $27.15 area where the stock may encounter resistance.
Shares of ICICI Bank Ltd. (IBN) fell by 3.53% or $-1.31/share to $35.83. In the past year, the shares have traded as low as $36.12 and as high as $57.45. On average, 1688500 shares of IBN exchange hands on a given day and today's volume is recorded at 846875. 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 $45.06 area but be careful because the stock may face selling pressure at this level.
Shares of CIENA Corp. (CIEN) fell by 4.93% or $-0.55/share to $10.52. In the past year, the shares have traded as low as $10.63 and as high as $29.25. On average, 6714320 shares of CIEN exchange hands on a given day and today's volume is recorded at 2099247. 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 $15.47 area but be careful because the stock may face selling pressure at this level.
Shares of Aspen Insurance Holdings Ltd. (AHL) fell by 2.51% or $-0.60/share to $23.3. In the past year, the shares have traded as low as $23.39 and as high as $31.05. On average, 621460 shares of AHL exchange hands on a given day and today's volume is recorded at 204261. 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 $25.48 area but be careful because the stock may face selling pressure at this level.
Shares of Axis Capital Holdings Ltd. (AXS) fell by 1.84% or $-0.51/share to $27.21. In the past year, the shares have traded as low as $27.15 and as high as $37.27. On average, 1049690 shares of AXS exchange hands on a given day and today's volume is recorded at 382714. 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 $30.31 area but be careful because the stock may face selling pressure at this level.
