Stocks falling to new 52 week lows on November 7 are Sequenom Inc, Human Genome Sciences Inc, Bio-Reference Laboratories Inc, DigitalGlobe, Inc, and Exelixis, 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 Sequenom Inc. (SQNM) fell by 3.77% or $-0.17/share to $4.22. In the past year, the shares have traded as low as $4.31 and as high as $8.72. On average, 2148950 shares of SQNM exchange hands on a given day and today's volume is recorded at 1349184. 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 $5.29 area but be careful because the stock may face selling pressure at this level.
Shares of Human Genome Sciences Inc. (HGSI) fell by 2.58% or $-0.25/share to $9.44. In the past year, the shares have traded as low as $9.46 and as high as $30.15. On average, 5823560 shares of HGSI exchange hands on a given day and today's volume is recorded at 2095414. 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 $12.24 area but be careful because the stock may face selling pressure at this level.
Shares of Bio-Reference Laboratories Inc. (BRLI) fell by 0.93% or $-0.15/share to $15.96. In the past year, the shares have traded as low as $16.05 and as high as $25.99. On average, 283640 shares of BRLI exchange hands on a given day and today's volume is recorded at 191330. 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 $19.07 area but be careful because the stock may face selling pressure at this level.
Shares of DigitalGlobe, Inc. (DGI) fell by 1.76% or $-0.31/share to $17.35. In the past year, the shares have traded as low as $17.51 and as high as $32.82. On average, 304420 shares of DGI exchange hands on a given day and today's volume is recorded at 79568. 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 $20.35 area but be careful because the stock may face selling pressure at this level.
Shares of Exelixis, Inc. (EXEL) fell by 4.93% or $-0.21/share to $4.05. In the past year, the shares have traded as low as $4.09 and as high as $12.82. On average, 1712820 shares of EXEL exchange hands on a given day and today's volume is recorded at 1671515. 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 $6.29 area but be careful because the stock may face selling pressure at this level.
