Stocks falling to new 52 week lows on October 11 are National Bank of Greece SA, The Governor and Company of The Bank of Ireland, Netflix, Inc, ICON plc, and Solazyme, 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 National Bank of Greece SA (NBG) fell by 5.61% or $-0.03/share to $0.54. In the past year, the shares have traded as low as $0.55 and as high as $2.73. On average, 3845650 shares of NBG exchange hands on a given day and today's volume is recorded at 3051146. 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 $0.91 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 8.69% or $-0.08/share to $0.82. In the past year, the shares have traded as low as $0.85 and as high as $3.72. On average, 5054520 shares of IRE exchange hands on a given day and today's volume is recorded at 3114048. 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 $1.14 area but be careful because the stock may face selling pressure at this level.
Shares of Netflix, Inc. (NFLX) fell by 5.25% or $-5.86/share to $105.76. In the past year, the shares have traded as low as $107.31 and as high as $304.78. On average, 7162640 shares of NFLX exchange hands on a given day and today's volume is recorded at 9962719. 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 $191.77 area but be careful because the stock may face selling pressure at this level.
Shares of ICON plc (ICLR) fell by 1.23% or $-0.19/share to $15.21. In the past year, the shares have traded as low as $15.27 and as high as $26.22. On average, 374510 shares of ICLR exchange hands on a given day and today's volume is recorded at 90574. 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 $18.65 area but be careful because the stock may face selling pressure at this level.
Shares of Solazyme, Inc. (SZYM) fell by 1.05% or $-0.09/share to $8.48. In the past year, the shares have traded as low as $8.34 and as high as $27.47. On average, 352090 shares of SZYM exchange hands on a given day and today's volume is recorded at 52410. 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 $13.25 area but be careful because the stock may face selling pressure at this level.
