Stocks falling to new 52 week lows on November 4 are DigitalGlobe, Inc, Dendreon Corp, and AutoNavi Holdings 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 DigitalGlobe, Inc. (DGI) fell by 2.4% or $-0.44/share to $17.87. In the past year, the shares have traded as low as $17.61 and as high as $32.82. On average, 311260 shares of DGI exchange hands on a given day and today's volume is recorded at 75204. 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 $20.40 area but be careful because the stock may face selling pressure at this level.
Shares of Dendreon Corp. (DNDN) fell by 0.31% or $-0.02/share to $6.53. In the past year, the shares have traded as low as $6.47 and as high as $43.97. On average, 7443370 shares of DNDN exchange hands on a given day and today's volume is recorded at 6522925. 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 $10.38 area but be careful because the stock may face selling pressure at this level.
Shares of AutoNavi Holdings Limited (AMAP) traded higher by 0.34% or $0.04/share to $11.9. In the past year, the shares have traded as low as $11.56 and as high as $22.72. On average, 128800 shares of AMAP exchange hands on a given day and today's volume is recorded at 19658. 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 $13.91 area but be careful because the stock may face selling pressure at this level.
