Stocks falling to new 52 week lows on November 14 are Cadence Pharmaceuticals Inc, Amyris Biotechnologies Inc, Ctrip.com International Ltd, ATP Oil & Gas Corp, and Diamond Foods, 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 Cadence Pharmaceuticals Inc. (CADX) fell by 16.4% or $-0.83/share to $4.23. In the past year, the shares have traded as low as $4.57 and as high as $10.00. On average, 289580 shares of CADX exchange hands on a given day and today's volume is recorded at 348839. 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 $6.09 area but be careful because the stock may face selling pressure at this level.
Shares of Amyris Biotechnologies Inc. (AMRS) fell by 5.11% or $-0.64/share to $11.89. In the past year, the shares have traded as low as $12.38 and as high as $33.99. On average, 260870 shares of AMRS exchange hands on a given day and today's volume is recorded at 73642. 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 $17.91 area but be careful because the stock may face selling pressure at this level.
Shares of Ctrip.com International Ltd. (CTRP) fell by 13.45% or $-4.61/share to $29.66. In the past year, the shares have traded as low as $29.59 and as high as $50.57. On average, 2059469 shares of CTRP exchange hands on a given day and today's volume is recorded at 8001242. 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 $35.26 area but be careful because the stock may face selling pressure at this level.
Shares of ATP Oil & Gas Corp. (ATPG) fell by 14.96% or $-1.01/share to $5.74. In the past year, the shares have traded as low as $5.71 and as high as $21.40. On average, 2063270 shares of ATPG exchange hands on a given day and today's volume is recorded at 3920411. 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 $9.98 area but be careful because the stock may face selling pressure at this level.
Shares of Diamond Foods, Inc. (DMND) traded higher by 0.25% or $0.09/share to $35.89. In the past year, the shares have traded as low as $35.61 and as high as $96.07. On average, 939170 shares of DMND exchange hands on a given day and today's volume is recorded at 655781. 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 $66.08 area where the stock may encounter resistance.
