Stocks falling to new 52 week lows on November 16 are Niska Gas Storage Partners LLC, Nektar Therapeutics, Skechers USA Inc, and Amyris Biotechnologies 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 Niska Gas Storage Partners LLC (NKA) fell by 1.92% or $-0.18/share to $9.2. In the past year, the shares have traded as low as $9.30 and as high as $20.69. On average, 174470 shares of NKA exchange hands on a given day and today's volume is recorded at 165198. 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 $11.29 area but be careful because the stock may face selling pressure at this level.
Shares of Nektar Therapeutics (NKTR) fell by 2.7% or $-0.12/share to $4.32. In the past year, the shares have traded as low as $4.30 and as high as $14.16. On average, 1169750 shares of NKTR exchange hands on a given day and today's volume is recorded at 276506. 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 $4.95 area but be careful because the stock may face selling pressure at this level.
Shares of Skechers USA Inc. (SKX) fell by 1.09% or $-0.14/share to $12.76. In the past year, the shares have traded as low as $12.81 and as high as $23.75. On average, 1118450 shares of SKX exchange hands on a given day and today's volume is recorded at 228353. 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 $14.62 area but be careful because the stock may face selling pressure at this level.
Shares of Amyris Biotechnologies Inc. (AMRS) fell by 7.32% or $-0.91/share to $11.52. In the past year, the shares have traded as low as $11.65 and as high as $33.99. On average, 265820 shares of AMRS exchange hands on a given day and today's volume is recorded at 179138. 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 $17.63 area but be careful because the stock may face selling pressure at this level.
