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Monday, November 14, 2011

New Low Point: (STFC), (QNST), (DNKN), (ENZN)

Stocks falling to new 52 week lows on November 14 are State Auto Financial Corp, QuinStreet, Inc, Dunkin' Brands Group, Inc, and Enzon Pharmaceuticals 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 State Auto Financial Corp. (STFC) fell by 2.0% or $-0.23/share to $11.27. In the past year, the shares have traded as low as $11.40 and as high as $17.97. On average, 59760 shares of STFC exchange hands on a given day and today's volume is recorded at 47685. 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 $12.64 area but be careful because the stock may face selling pressure at this level.

Shares of QuinStreet, Inc. (QNST) fell by 0.11% or $-0.01/share to $8.69. In the past year, the shares have traded as low as $8.57 and as high as $24.91. On average, 375820 shares of QNST exchange hands on a given day and today's volume is recorded at 54222. 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 $10.97 area but be careful because the stock may face selling pressure at this level.

Shares of Dunkin' Brands Group, Inc. (DNKN) fell by 1.2% or $-0.31/share to $25.6. In the past year, the shares have traded as low as $24.97 and as high as $31.94. On average, 639380 shares of DNKN exchange hands on a given day and today's volume is recorded at 449308. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $27.15 area where the stock may encounter resistance.

Shares of Enzon Pharmaceuticals Inc. (ENZN) fell by 1.94% or $-0.13/share to $6.56. In the past year, the shares have traded as low as $6.59 and as high as $12.71. On average, 276930 shares of ENZN exchange hands on a given day and today's volume is recorded at 43104. 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 $7.54 area but be careful because the stock may face selling pressure at this level.