Stocks falling to new 52 week lows on November 29 are Bank of America Corporation, Digital Generation, Inc, Whirlpool Corp, Skyworks Solutions Inc, and Grupo Financiero Galicia S.A. 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 Bank of America Corporation (BAC) fell by 2.1% or $-0.11/share to $5.14. In the past year, the shares have traded as low as $5.12 and as high as $15.27. On average, 268740140 shares of BAC exchange hands on a given day and today's volume is recorded at 36198232. 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 $6.25 area but be careful because the stock may face selling pressure at this level.
Shares of Digital Generation, Inc. (DGIT) fell by 0.76% or $-0.09/share to $11.74. In the past year, the shares have traded as low as $11.60 and as high as $38.01. On average, 414770 shares of DGIT exchange hands on a given day and today's volume is recorded at 19287. 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 $17.62 area but be careful because the stock may face selling pressure at this level.
Shares of Whirlpool Corp. (WHR) fell by 2.42% or $-1.16/share to $46.77. In the past year, the shares have traded as low as $46.02 and as high as $89.80. On average, 1974010 shares of WHR exchange hands on a given day and today's volume is recorded at 344862. 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 $52.37 area but be careful because the stock may face selling pressure at this level.
Shares of Skyworks Solutions Inc. (SWKS) traded higher by 0.84% or $0.12/share to $14.47. In the past year, the shares have traded as low as $14.11 and as high as $37.82. On average, 4758430 shares of SWKS exchange hands on a given day and today's volume is recorded at 583953. 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 $19.64 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Financiero Galicia S.A. (GGAL) fell by 0.3% or $-0.02/share to $6.75. In the past year, the shares have traded as low as $6.62 and as high as $17.04. On average, 308630 shares of GGAL exchange hands on a given day and today's volume is recorded at 67364. 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 $8.42 area but be careful because the stock may face selling pressure at this level.
