Stocks falling to new 52 week lows on November 16 are Human Genome Sciences Inc, The Governor and Company of The Bank of Ireland, Alcatel-Lucent, S.A, Sun Life Financial Inc, and Old Republic International Corp. 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 Human Genome Sciences Inc. (HGSI) fell by 2.84% or $-0.26/share to $8.88. In the past year, the shares have traded as low as $8.98 and as high as $30.15. On average, 5803240 shares of HGSI exchange hands on a given day and today's volume is recorded at 1919963. 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 $11.81 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) traded higher by 0.43% or $0.02/share to $4.68. In the past year, the shares have traded as low as $4.63 and as high as $30.87. On average, 615060 shares of IRE exchange hands on a given day and today's volume is recorded at 528490. 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 $8.13 area but be careful because the stock may face selling pressure at this level.
Shares of Alcatel-Lucent, S.A. (ALU) fell by 1.06% or $-0.02/share to $1.93. In the past year, the shares have traded as low as $1.92 and as high as $6.63. On average, 25356190 shares of ALU exchange hands on a given day and today's volume is recorded at 5329461. 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 $2.75 area but be careful because the stock may face selling pressure at this level.
Shares of Sun Life Financial Inc. (SLF) fell by 0.79% or $-0.16/share to $20.42. In the past year, the shares have traded as low as $20.48 and as high as $33.39. On average, 834390 shares of SLF exchange hands on a given day and today's volume is recorded at 308099. 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 $23.98 area but be careful because the stock may face selling pressure at this level.
Shares of Old Republic International Corp. (ORI) fell by 3.28% or $-0.27/share to $7.97. In the past year, the shares have traded as low as $8.00 and as high as $13.29. On average, 2035070 shares of ORI exchange hands on a given day and today's volume is recorded at 887682. 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 $9.14 area but be careful because the stock may face selling pressure at this level.
