Stocks falling to new 52 week lows on August 26 are India Fund, Inc, Axis Capital Holdings Ltd, Isoftstone Holdings Limited, LaSalle Hotel Properties, and ICICI Bank 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 India Fund, Inc. (IFN) fell by 1.25% or $-0.32/share to $25.25. In the past year, the shares have traded as low as $25.29 and as high as $36.88. On average, 261910 shares of IFN exchange hands on a given day and today's volume is recorded at 220477. 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 $28.72 area but be careful because the stock may face selling pressure at this level.
Shares of Axis Capital Holdings Ltd. (AXS) traded higher by 0.23% or $0.06/share to $26.58. In the past year, the shares have traded as low as $26.52 and as high as $37.27. On average, 1061980 shares of AXS exchange hands on a given day and today's volume is recorded at 623406. 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 $30.23 area but be careful because the stock may face selling pressure at this level.
Shares of Isoftstone Holdings Limited (ISS) traded higher by 0.57% or $0.05/share to $8.8. In the past year, the shares have traded as low as $8.47 and as high as $22.63. On average, 373400 shares of ISS exchange hands on a given day and today's volume is recorded at 124851. 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 $12.70 area but be careful because the stock may face selling pressure at this level.
Shares of LaSalle Hotel Properties (LHO) traded higher by 0.89% or $0.14/share to $15.86. In the past year, the shares have traded as low as $15.63 and as high as $29.33. On average, 930840 shares of LHO exchange hands on a given day and today's volume is recorded at 411409. 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 $23.29 area but be careful because the stock may face selling pressure at this level.
Shares of ICICI Bank Ltd. (IBN) fell by 1.2% or $-0.43/share to $35.49. In the past year, the shares have traded as low as $35.55 and as high as $57.45. On average, 1697510 shares of IBN exchange hands on a given day and today's volume is recorded at 713452. 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 $44.87 area but be careful because the stock may face selling pressure at this level.
