Stocks falling to new 52 week lows on October 26 are Valassis Communications Inc, Masimo Corporation, Human Genome Sciences Inc, Fabrinet, 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 Valassis Communications Inc. (VCI) fell by 12.62% or $-2.47/share to $17.1. In the past year, the shares have traded as low as $16.83 and as high as $36.76. On average, 1590200 shares of VCI exchange hands on a given day and today's volume is recorded at 5472666. 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 $21.31 area but be careful because the stock may face selling pressure at this level.
Shares of Masimo Corporation (MASI) fell by 12.54% or $-2.80/share to $19.52. In the past year, the shares have traded as low as $20.22 and as high as $35.15. On average, 580470 shares of MASI exchange hands on a given day and today's volume is recorded at 1891393. 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 $22.60 area but be careful because the stock may face selling pressure at this level.
Shares of Human Genome Sciences Inc. (HGSI) fell by 22.74% or $-2.90/share to $9.84. In the past year, the shares have traded as low as $10.40 and as high as $30.17. On average, 5278040 shares of HGSI exchange hands on a given day and today's volume is recorded at 14163230. 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 $12.88 area but be careful because the stock may face selling pressure at this level.
Shares of Fabrinet (FN) fell by 2.94% or $-0.36/share to $11.89. In the past year, the shares have traded as low as $12.04 and as high as $32.91. On average, 257839 shares of FN exchange hands on a given day and today's volume is recorded at 342923. 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 $17.41 area but be careful because the stock may face selling pressure at this level.
Shares of RPX Corporation (RPXC) fell by 0.06% or $-0.01/share to $16.27. In the past year, the shares have traded as low as $16.19 and as high as $31.41. On average, 181350 shares of RPXC exchange hands on a given day and today's volume is recorded at 87554. 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 $21.86 area but be careful because the stock may face selling pressure at this level.
