Stocks falling to new 52 week lows on October 26 are CR Bard Inc, Acme Packet, Inc, Thermo Fisher Scientific, Inc, Cadence Pharmaceuticals Inc, and 21Vianet Group Inc. 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 CR Bard Inc. (BCR) fell by 3.74% or $-3.28/share to $84.42. In the past year, the shares have traded as low as $81.78 and as high as $113.51. On average, 998290 shares of BCR exchange hands on a given day and today's volume is recorded at 1056559. 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 $88.69 area but be careful because the stock may face selling pressure at this level.
Shares of Acme Packet, Inc. (APKT) fell by 3.19% or $-0.99/share to $30.09. In the past year, the shares have traded as low as $30.00 and as high as $84.50. On average, 3172770 shares of APKT exchange hands on a given day and today's volume is recorded at 1967085. 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 $43.80 area but be careful because the stock may face selling pressure at this level.
Shares of Thermo Fisher Scientific, Inc. (TMO) fell by 9.23% or $-4.91/share to $48.31. In the past year, the shares have traded as low as $48.05 and as high as $65.85. On average, 3785740 shares of TMO exchange hands on a given day and today's volume is recorded at 8405534. 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 $52.51 area but be careful because the stock may face selling pressure at this level.
Shares of Cadence Pharmaceuticals Inc. (CADX) fell by 2.98% or $-0.17/share to $5.53. In the past year, the shares have traded as low as $5.55 and as high as $10.00. On average, 304870 shares of CADX exchange hands on a given day and today's volume is recorded at 48186. 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 $6.41 area but be careful because the stock may face selling pressure at this level.
Shares of 21Vianet Group Inc. (VNET) traded higher by 0.11% or $0.01/share to $9.46. In the past year, the shares have traded as low as $9.39 and as high as $22.33. On average, 197320 shares of VNET exchange hands on a given day and today's volume is recorded at 61814. 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 $10.73 area but be careful because the stock may face selling pressure at this level.
