Stocks falling to new 52 week lows on November 21 are Great Basin Gold Ltd, AutoNavi Holdings Limited, Avanir Pharmaceuticals, Texas Industries Inc, and Ctrip.com International Ltd. 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 Great Basin Gold Ltd. (GBG) fell by 9.24% or $-0.11/share to $1.08. In the past year, the shares have traded as low as $1.18 and as high as $3.04. On average, 2855870 shares of GBG exchange hands on a given day and today's volume is recorded at 2865391. 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 $1.64 area but be careful because the stock may face selling pressure at this level.
Shares of AutoNavi Holdings Limited (AMAP) fell by 8.49% or $-0.90/share to $9.7. In the past year, the shares have traded as low as $10.21 and as high as $20.46. On average, 96260 shares of AMAP exchange hands on a given day and today's volume is recorded at 99933. 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 $13.31 area but be careful because the stock may face selling pressure at this level.
Shares of Avanir Pharmaceuticals (AVNR) fell by 9.16% or $-0.23/share to $2.28. In the past year, the shares have traded as low as $2.46 and as high as $4.80. On average, 1587490 shares of AVNR exchange hands on a given day and today's volume is recorded at 936389. 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 $2.87 area but be careful because the stock may face selling pressure at this level.
Shares of Texas Industries Inc. (TXI) fell by 8.94% or $-2.42/share to $24.66. In the past year, the shares have traded as low as $26.75 and as high as $47.15. On average, 318750 shares of TXI exchange hands on a given day and today's volume is recorded at 146679. 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 $31.81 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 2.61% or $-0.67/share to $25.04. In the past year, the shares have traded as low as $25.55 and as high as $50.57. On average, 2651350 shares of CTRP exchange hands on a given day and today's volume is recorded at 2951558. 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 $34.04 area but be careful because the stock may face selling pressure at this level.
