Stocks falling to new 52 week lows on October 14 are DepoMed Inc, Ritchie Bros. Auctioneers Incorporated, Platinum Underwriters Holdings Ltd, and Amyris Biotechnologies 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 DepoMed Inc. (DEPO) fell by 20.88% or $-1.31/share to $4.97. In the past year, the shares have traded as low as $4.53 and as high as $10.40. On average, 839800 shares of DEPO exchange hands on a given day and today's volume is recorded at 2733919. 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 $5.67 area but be careful because the stock may face selling pressure at this level.
Shares of Ritchie Bros. Auctioneers Incorporated (RBA) fell by 1.09% or $-0.20/share to $18.13. In the past year, the shares have traded as low as $18.18 and as high as $31.48. On average, 494970 shares of RBA exchange hands on a given day and today's volume is recorded at 321748. 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 $21.46 area but be careful because the stock may face selling pressure at this level.
Shares of Platinum Underwriters Holdings Ltd. (PTP) fell by 0.99% or $-0.28/share to $27.89. In the past year, the shares have traded as low as $27.98 and as high as $46.11. On average, 322870 shares of PTP exchange hands on a given day and today's volume is recorded at 308619. 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 $30.42 area but be careful because the stock may face selling pressure at this level.
Shares of Amyris Biotechnologies Inc. (AMRS) fell by 0.64% or $-0.10/share to $15.55. In the past year, the shares have traded as low as $15.30 and as high as $33.99. On average, 227680 shares of AMRS exchange hands on a given day and today's volume is recorded at 40852. 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 $19.20 area but be careful because the stock may face selling pressure at this level.
