Stocks falling to new 52 week lows on November 4 are Central European Distribution Corp, ExamWorks Group, Inc, Cadence Pharmaceuticals Inc, Echelon Corporation, and Bio-Reference Laboratories 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 Central European Distribution Corp. (CEDC) fell by 32.77% or $-1.65/share to $3.39. In the past year, the shares have traded as low as $4.58 and as high as $28.09. On average, 2631180 shares of CEDC exchange hands on a given day and today's volume is recorded at 5357237. 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 $6.57 area but be careful because the stock may face selling pressure at this level.
Shares of ExamWorks Group, Inc. (EXAM) fell by 27.88% or $-2.62/share to $6.78. In the past year, the shares have traded as low as $8.10 and as high as $26.48. On average, 395750 shares of EXAM exchange hands on a given day and today's volume is recorded at 1122408. 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 $11.12 area but be careful because the stock may face selling pressure at this level.
Shares of Cadence Pharmaceuticals Inc. (CADX) fell by 12.04% or $-0.69/share to $5.04. In the past year, the shares have traded as low as $5.47 and as high as $10.00. On average, 306090 shares of CADX exchange hands on a given day and today's volume is recorded at 441781. 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 $6.26 area but be careful because the stock may face selling pressure at this level.
Shares of Echelon Corporation (ELON) fell by 18.65% or $-1.33/share to $5.8. In the past year, the shares have traded as low as $6.45 and as high as $10.72. On average, 273400 shares of ELON exchange hands on a given day and today's volume is recorded at 545259. 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 $7.37 area but be careful because the stock may face selling pressure at this level.
Shares of Bio-Reference Laboratories Inc. (BRLI) fell by 3.37% or $-0.57/share to $16.33. In the past year, the shares have traded as low as $16.65 and as high as $25.99. On average, 276010 shares of BRLI exchange hands on a given day and today's volume is recorded at 370064. 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 $19.12 area but be careful because the stock may face selling pressure at this level.
