Stocks falling to new 52 week lows on November 21 are Kinross Gold Corporation, Human Genome Sciences Inc, Renren Inc, MEMC Electronic Materials Inc, and Changyou.com Limited. 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 Kinross Gold Corporation (KGC) fell by 5.14% or $-0.66/share to $12.17. In the past year, the shares have traded as low as $12.80 and as high as $19.46. On average, 8326020 shares of KGC exchange hands on a given day and today's volume is recorded at 3435206. 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 $14.72 area but be careful because the stock may face selling pressure at this level.
Shares of Human Genome Sciences Inc. (HGSI) fell by 6.29% or $-0.51/share to $7.6. In the past year, the shares have traded as low as $8.00 and as high as $30.15. On average, 5943360 shares of HGSI exchange hands on a given day and today's volume is recorded at 2041539. 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 $11.60 area but be careful because the stock may face selling pressure at this level.
Shares of Renren Inc. (RENN) fell by 5.1% or $-0.22/share to $4.06. In the past year, the shares have traded as low as $4.25 and as high as $24.00. On average, 3461330 shares of RENN exchange hands on a given day and today's volume is recorded at 1211229. 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 $5.62 area but be careful because the stock may face selling pressure at this level.
Shares of MEMC Electronic Materials Inc. (WFR) fell by 4.83% or $-0.21/share to $4.14. In the past year, the shares have traded as low as $4.32 and as high as $15.04. On average, 7504460 shares of WFR exchange hands on a given day and today's volume is recorded at 1496799. 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 $5.71 area but be careful because the stock may face selling pressure at this level.
Shares of Changyou.com Limited (CYOU) fell by 6.96% or $-1.64/share to $21.94. In the past year, the shares have traded as low as $22.81 and as high as $52.00. On average, 388630 shares of CYOU exchange hands on a given day and today's volume is recorded at 313028. 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 $28.71 area but be careful because the stock may face selling pressure at this level.
