Stocks falling to new 52 week lows on October 7 are Illumina Inc, China Real Estate Information Corporation, Wesco Aircraft Holdings, Inc. C, PerkinElmer Inc, and ICON plc. 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 Illumina Inc. (ILMN) fell by 32.88% or $-13.13/share to $26.8. In the past year, the shares have traded as low as $37.12 and as high as $79.41. On average, 2516710 shares of ILMN exchange hands on a given day and today's volume is recorded at 21263874. 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 $48.97 area but be careful because the stock may face selling pressure at this level.
Shares of China Real Estate Information Corporation (CRIC) fell by 9.32% or $-0.40/share to $3.89. In the past year, the shares have traded as low as $4.10 and as high as $10.70. On average, 95700 shares of CRIC exchange hands on a given day and today's volume is recorded at 119703. 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 $5.39 area but be careful because the stock may face selling pressure at this level.
Shares of Wesco Aircraft Holdings, Inc. C (WAIR) fell by 6.4% or $-0.60/share to $8.77. In the past year, the shares have traded as low as $9.25 and as high as $15.25. On average, 456200 shares of WAIR exchange hands on a given day and today's volume is recorded at 198627. 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 $12.18 area but be careful because the stock may face selling pressure at this level.
Shares of PerkinElmer Inc. (PKI) fell by 9.72% or $-1.90/share to $17.65. In the past year, the shares have traded as low as $18.05 and as high as $28.68. On average, 1391260 shares of PKI exchange hands on a given day and today's volume is recorded at 2025458. 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 $21.27 area but be careful because the stock may face selling pressure at this level.
Shares of ICON plc (ICLR) fell by 1.96% or $-0.31/share to $15.49. In the past year, the shares have traded as low as $15.76 and as high as $26.22. On average, 357590 shares of ICLR exchange hands on a given day and today's volume is recorded at 571154. 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 $18.93 area but be careful because the stock may face selling pressure at this level.
