Stocks falling to new 52 week lows on August 8 are FelCor Lodging Trust Inc, Freescale Semiconductor Inc, Protalix BioTherapeutics, Inc, MannKind Corp, and Bank of America Corporation. 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 FelCor Lodging Trust Inc. (FCH) fell by 18.46% or $-0.72/share to $3.18. In the past year, the shares have traded as low as $3.83 and as high as $8.31. On average, 1023400 shares of FCH exchange hands on a given day and today's volume is recorded at 1367580. 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 $5.39 area but be careful because the stock may face selling pressure at this level.
Shares of Freescale Semiconductor Inc. (FSL) fell by 14.25% or $-1.69/share to $10.17. In the past year, the shares have traded as low as $11.49 and as high as $20.97. On average, 1900550 shares of FSL exchange hands on a given day and today's volume is recorded at 2377314. 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 $17.08 area but be careful because the stock may face selling pressure at this level.
Shares of Protalix BioTherapeutics, Inc. (PLX) fell by 14.64% or $-0.83/share to $4.84. In the past year, the shares have traded as low as $5.60 and as high as $10.60. On average, 245080 shares of PLX exchange hands on a given day and today's volume is recorded at 340400. 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 $6.54 area but be careful because the stock may face selling pressure at this level.
Shares of MannKind Corp. (MNKD) fell by 11.61% or $-0.31/share to $2.36. In the past year, the shares have traded as low as $2.60 and as high as $10.05. On average, 927300 shares of MNKD exchange hands on a given day and today's volume is recorded at 1059946. 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 $3.72 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 14.32% or $-1.17/share to $7.0. In the past year, the shares have traded as low as $8.03 and as high as $15.29. On average, 163671570 shares of BAC exchange hands on a given day and today's volume is recorded at 306932160. 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 $10.45 area but be careful because the stock may face selling pressure at this level.
