Stocks falling to new 52 week lows on October 18 are Hospira Inc, STR Holdings, Inc, Demand Media, Inc, Cadence Pharmaceuticals Inc, and RPX 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 Hospira Inc. (HSP) fell by 20.05% or $-7.49/share to $29.87. In the past year, the shares have traded as low as $34.18 and as high as $60.49. On average, 1498710 shares of HSP exchange hands on a given day and today's volume is recorded at 12939000. 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 $41.01 area but be careful because the stock may face selling pressure at this level.
Shares of STR Holdings, Inc. (STRI) fell by 11.75% or $-1.02/share to $7.66. In the past year, the shares have traded as low as $7.45 and as high as $28.16. On average, 496200 shares of STRI exchange hands on a given day and today's volume is recorded at 764209. 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 $9.91 area but be careful because the stock may face selling pressure at this level.
Shares of Demand Media, Inc. (DMD) fell by 3.03% or $-0.21/share to $6.57. In the past year, the shares have traded as low as $6.76 and as high as $27.40. On average, 418230 shares of DMD exchange hands on a given day and today's volume is recorded at 140451. 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 $8.06 area but be careful because the stock may face selling pressure at this level.
Shares of Cadence Pharmaceuticals Inc. (CADX) fell by 1.85% or $-0.11/share to $5.85. In the past year, the shares have traded as low as $5.80 and as high as $10.00. On average, 309540 shares of CADX exchange hands on a given day and today's volume is recorded at 252987. 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 $6.56 area but be careful because the stock may face selling pressure at this level.
Shares of RPX Corporation (RPXC) fell by 0.44% or $-0.08/share to $18.25. In the past year, the shares have traded as low as $18.29 and as high as $31.41. On average, 182770 shares of RPXC exchange hands on a given day and today's volume is recorded at 49594. 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 $22.40 area but be careful because the stock may face selling pressure at this level.
