Stocks falling to new 52 week lows on November 16 are Chemed Corp, A123 Systems, Inc, Ctrip.com International Ltd, Simcere Pharmaceutical Group, and Lloyds Banking Group plc. 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 Chemed Corp. (CHE) fell by 12.2% or $-7.02/share to $50.5. In the past year, the shares have traded as low as $50.27 and as high as $71.70. On average, 226950 shares of CHE exchange hands on a given day and today's volume is recorded at 1928472. 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 $55.32 area but be careful because the stock may face selling pressure at this level.
Shares of A123 Systems, Inc. (AONE) fell by 1.22% or $-0.03/share to $2.42. In the past year, the shares have traded as low as $2.44 and as high as $10.99. On average, 2301330 shares of AONE exchange hands on a given day and today's volume is recorded at 911551. 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 $3.72 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 2.79% or $-0.77/share to $26.79. In the past year, the shares have traded as low as $27.53 and as high as $50.57. On average, 2437240 shares of CTRP exchange hands on a given day and today's volume is recorded at 2413641. 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 $34.83 area but be careful because the stock may face selling pressure at this level.
Shares of Simcere Pharmaceutical Group. (SCR) fell by 2.26% or $-0.18/share to $7.8. In the past year, the shares have traded as low as $7.90 and as high as $13.75. On average, 54560 shares of SCR exchange hands on a given day and today's volume is recorded at 30026. 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 $9.17 area but be careful because the stock may face selling pressure at this level.
Shares of Lloyds Banking Group plc (LYG) fell by 2.89% or $-0.05/share to $1.68. In the past year, the shares have traded as low as $1.71 and as high as $4.48. On average, 4265270 shares of LYG exchange hands on a given day and today's volume is recorded at 1864917. 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 $2.05 area but be careful because the stock may face selling pressure at this level.
