Stocks falling to new 52 week lows on August 19 are Hewlett-Packard Company, Aeropostale, Inc, Demand Media, Inc, Crown Media Holdings Inc, and China Ming Yang Wind Power Group 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 Hewlett-Packard Company (HPQ) fell by 20.06% or $-5.92/share to $23.59. In the past year, the shares have traded as low as $28.64 and as high as $49.13. On average, 21482880 shares of HPQ exchange hands on a given day and today's volume is recorded at 84806376. 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 $34.65 area but be careful because the stock may face selling pressure at this level.
Shares of Aeropostale, Inc. (ARO) fell by 13.65% or $-1.70/share to $10.78. In the past year, the shares have traded as low as $11.20 and as high as $27.72. On average, 3239850 shares of ARO exchange hands on a given day and today's volume is recorded at 5002023. 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 $16.31 area but be careful because the stock may face selling pressure at this level.
Shares of Demand Media, Inc. (DMD) fell by 7.9% or $-0.63/share to $7.34. In the past year, the shares have traded as low as $7.65 and as high as $27.38. On average, 410550 shares of DMD exchange hands on a given day and today's volume is recorded at 200057. 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 $11.74 area but be careful because the stock may face selling pressure at this level.
Shares of Crown Media Holdings Inc. (CRWN) traded higher by 2.48% or $0.03/share to $1.24. In the past year, the shares have traded as low as $1.20 and as high as $3.89. On average, 126270 shares of CRWN exchange hands on a given day and today's volume is recorded at 38699. 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 $1.70 area but be careful because the stock may face selling pressure at this level.
Shares of China Ming Yang Wind Power Group Limited (MY) fell by 2.35% or $-0.08/share to $3.32. In the past year, the shares have traded as low as $3.36 and as high as $14.70. On average, 430550 shares of MY exchange hands on a given day and today's volume is recorded at 135672. 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 $5.18 area but be careful because the stock may face selling pressure at this level.
