Stocks falling to new 52 week lows on August 18 are Hampton Roads Bankshares Inc, LG Display Co., Ltd, AsiaInfo-Linkage,Inc, Aixtron SE, and Infosys Technologies Limited. 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 Hampton Roads Bankshares Inc. (HMPR) traded higher by 6.61% or $0.41/share to $6.61. In the past year, the shares have traded as low as $6.14 and as high as $34.75. On average, 131280 shares of HMPR exchange hands on a given day and today's volume is recorded at 45550. 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 $11.31 area but be careful because the stock may face selling pressure at this level.
Shares of LG Display Co., Ltd. (LPL) fell by 12.46% or $-1.22/share to $8.57. In the past year, the shares have traded as low as $9.39 and as high as $18.92. On average, 1458950 shares of LPL exchange hands on a given day and today's volume is recorded at 1181218. 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 $13.06 area but be careful because the stock may face selling pressure at this level.
Shares of AsiaInfo-Linkage,Inc. (ASIA) fell by 5.53% or $-0.53/share to $9.05. In the past year, the shares have traded as low as $9.26 and as high as $24.50. On average, 1136010 shares of ASIA exchange hands on a given day and today's volume is recorded at 918116. 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 $14.47 area but be careful because the stock may face selling pressure at this level.
Shares of Aixtron SE (AIXG) fell by 6.16% or $-1.38/share to $21.01. In the past year, the shares have traded as low as $22.04 and as high as $43.95. On average, 376080 shares of AIXG exchange hands on a given day and today's volume is recorded at 461901. 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 $30.33 area but be careful because the stock may face selling pressure at this level.
Shares of Infosys Technologies Limited (INFY) fell by 9.57% or $-5.17/share to $48.88. In the past year, the shares have traded as low as $52.44 and as high as $77.35. On average, 1780830 shares of INFY exchange hands on a given day and today's volume is recorded at 2492732. 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 $61.38 area but be careful because the stock may face selling pressure at this level.
