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Tuesday, November 22, 2011

Making New Lows: (LYG), (TQNT), (DOLE), (VE), (TXI)

Stocks falling to new 52 week lows on November 22 are Lloyds Banking Group plc, TriQuint Semiconductor, Inc, Dole Food Company Inc, Veolia Environnement S.A, and Texas Industries 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 Lloyds Banking Group plc (LYG) fell by 5.07% or $-0.07/share to $1.4. In the past year, the shares have traded as low as $1.43 and as high as $4.46. On average, 4280910 shares of LYG exchange hands on a given day and today's volume is recorded at 2312305. 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 $2.01 area but be careful because the stock may face selling pressure at this level.

Shares of TriQuint Semiconductor, Inc. (TQNT) fell by 2.97% or $-0.13/share to $4.25. In the past year, the shares have traded as low as $4.36 and as high as $15.20. On average, 6565360 shares of TQNT exchange hands on a given day and today's volume is recorded at 1688298. 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 $5.69 area but be careful because the stock may face selling pressure at this level.

Shares of Dole Food Company Inc. (DOLE) fell by 2.54% or $-0.23/share to $8.81. In the past year, the shares have traded as low as $9.00 and as high as $14.99. On average, 335950 shares of DOLE exchange hands on a given day and today's volume is recorded at 163693. 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 $10.09 area but be careful because the stock may face selling pressure at this level.

Shares of Veolia Environnement S.A. (VE) fell by 4.17% or $-0.48/share to $11.02. In the past year, the shares have traded as low as $11.36 and as high as $32.01. On average, 882060 shares of VE exchange hands on a given day and today's volume is recorded at 447178. 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 $14.19 area but be careful because the stock may face selling pressure at this level.

Shares of Texas Industries Inc. (TXI) fell by 3.55% or $-0.87/share to $23.61. In the past year, the shares have traded as low as $24.28 and as high as $47.15. On average, 319630 shares of TXI exchange hands on a given day and today's volume is recorded at 117278. 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 $31.60 area but be careful because the stock may face selling pressure at this level.