Stocks falling to new 52 week lows on November 22 are Chico's FAS Inc, Netflix, Inc, The Royal Bank of Scotland Group plc, Amyris, Inc, and First Solar, 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 Chico's FAS Inc. (CHS) fell by 15.25% or $-1.77/share to $9.84. In the past year, the shares have traded as low as $10.52 and as high as $16.44. On average, 2933120 shares of CHS exchange hands on a given day and today's volume is recorded at 5887486. 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 $12.27 area but be careful because the stock may face selling pressure at this level.
Shares of Netflix, Inc. (NFLX) fell by 3.0% or $-2.23/share to $72.23. In the past year, the shares have traded as low as $73.26 and as high as $304.77. On average, 9317220 shares of NFLX exchange hands on a given day and today's volume is recorded at 8553495. 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 $110.61 area but be careful because the stock may face selling pressure at this level.
Shares of The Royal Bank of Scotland Group plc (RBS) fell by 5.37% or $-0.33/share to $5.82. In the past year, the shares have traded as low as $6.10 and as high as $15.83. On average, 1088870 shares of RBS exchange hands on a given day and today's volume is recorded at 354942. 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 $7.38 area but be careful because the stock may face selling pressure at this level.
Shares of Amyris, Inc. (AMRS) traded higher by 2.62% or $0.28/share to $10.92. In the past year, the shares have traded as low as $10.59 and as high as $34.00. On average, 267580 shares of AMRS exchange hands on a given day and today's volume is recorded at 48071. 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 $17.05 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) fell by 5.35% or $-2.33/share to $41.2. In the past year, the shares have traded as low as $42.50 and as high as $175.47. On average, 3776530 shares of FSLR exchange hands on a given day and today's volume is recorded at 1196325. 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 $58.36 area but be careful because the stock may face selling pressure at this level.
