Stocks falling to new 52 week lows on August 26 are OmniVision Technologies Inc, VanceInfo Technologies Inc, Sealed Air Corporation, Mahanagar Telephone Nigam Ltd, and Frontline 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 OmniVision Technologies Inc. (OVTI) fell by 31.63% or $-7.85/share to $16.97. In the past year, the shares have traded as low as $18.42 and as high as $37.04. On average, 2452550 shares of OVTI exchange hands on a given day and today's volume is recorded at 16441948. 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 $29.41 area but be careful because the stock may face selling pressure at this level.
Shares of VanceInfo Technologies Inc. (VIT) traded higher by 4.64% or $0.50/share to $11.27. In the past year, the shares have traded as low as $10.57 and as high as $41.06. On average, 1353660 shares of VIT exchange hands on a given day and today's volume is recorded at 887269. 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 $18.73 area but be careful because the stock may face selling pressure at this level.
Shares of Sealed Air Corporation (SEE) fell by 3.06% or $-0.52/share to $16.6. In the past year, the shares have traded as low as $17.03 and as high as $28.48. On average, 2368180 shares of SEE exchange hands on a given day and today's volume is recorded at 2876467. 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 $21.32 area but be careful because the stock may face selling pressure at this level.
Shares of Mahanagar Telephone Nigam Ltd. (MTE) fell by 4.91% or $-0.08/share to $1.55. In the past year, the shares have traded as low as $1.60 and as high as $3.18. On average, 55530 shares of MTE exchange hands on a given day and today's volume is recorded at 26780. 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 $1.94 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) traded higher by 0.15% or $0.01/share to $6.49. In the past year, the shares have traded as low as $6.44 and as high as $28.91. On average, 2093980 shares of FRO exchange hands on a given day and today's volume is recorded at 770165. 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 $11.30 area but be careful because the stock may face selling pressure at this level.
