Stocks falling to new 52 week lows on October 13 are Solazyme, Inc, The Governor and Company of The Bank of Ireland, Human Genome Sciences Inc, Global Partners LP, and Ritchie Bros. Auctioneers Incorporated. 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 Solazyme, Inc. (SZYM) fell by 6.15% or $-0.51/share to $7.78. In the past year, the shares have traded as low as $8.21 and as high as $27.47. On average, 357990 shares of SZYM exchange hands on a given day and today's volume is recorded at 153034. 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 $12.66 area but be careful because the stock may face selling pressure at this level.
Shares of The Governor and Company of The Bank of Ireland (IRE) fell by 4.81% or $-0.04/share to $0.79. In the past year, the shares have traded as low as $0.80 and as high as $3.73. On average, 5194390 shares of IRE exchange hands on a given day and today's volume is recorded at 3289450. 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 $1.13 area but be careful because the stock may face selling pressure at this level.
Shares of Human Genome Sciences Inc. (HGSI) fell by 4.93% or $-0.55/share to $10.51. In the past year, the shares have traded as low as $10.80 and as high as $30.17. On average, 4607060 shares of HGSI exchange hands on a given day and today's volume is recorded at 1585414. 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 $13.45 area but be careful because the stock may face selling pressure at this level.
Shares of Global Partners LP (GLP) fell by 1.0% or $-0.15/share to $15.02. In the past year, the shares have traded as low as $15.13 and as high as $28.40. On average, 87520 shares of GLP exchange hands on a given day and today's volume is recorded at 34419. 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 $19.10 area but be careful because the stock may face selling pressure at this level.
Shares of Ritchie Bros. Auctioneers Incorporated (RBA) fell by 2.61% or $-0.49/share to $18.26. In the past year, the shares have traded as low as $18.67 and as high as $31.48. On average, 486080 shares of RBA exchange hands on a given day and today's volume is recorded at 237189. 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 $21.64 area but be careful because the stock may face selling pressure at this level.
