Stocks falling to new 52 week lows on November 7 are Ceragon Networks Ltd, Diamond Foods, Inc, Alcatel-Lucent, S.A, ICG Group, Inc, and Amyris Biotechnologies 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 Ceragon Networks Ltd. (CRNT) fell by 13.4% or $-1.39/share to $8.96. In the past year, the shares have traded as low as $9.07 and as high as $14.34. On average, 191850 shares of CRNT exchange hands on a given day and today's volume is recorded at 462841. 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) fell by 11.83% or $-5.49/share to $40.91. In the past year, the shares have traded as low as $43.85 and as high as $96.06. On average, 702820 shares of DMND exchange hands on a given day and today's volume is recorded at 3065203. 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 $66.39 area where the stock may encounter resistance.
Shares of Alcatel-Lucent, S.A. (ALU) fell by 9.57% or $-0.22/share to $2.08. In the past year, the shares have traded as low as $2.25 and as high as $6.63. On average, 25810650 shares of ALU exchange hands on a given day and today's volume is recorded at 20092114. 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 $2.97 area but be careful because the stock may face selling pressure at this level.
Shares of ICG Group, Inc. (ICGE) fell by 5.65% or $-0.47/share to $7.93. In the past year, the shares have traded as low as $8.34 and as high as $14.49. On average, 176150 shares of ICGE exchange hands on a given day and today's volume is recorded at 81974. 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 $9.85 area but be careful because the stock may face selling pressure at this level.
Shares of Amyris Biotechnologies Inc. (AMRS) fell by 6.12% or $-0.86/share to $13.19. In the past year, the shares have traded as low as $13.73 and as high as $33.99. On average, 264580 shares of AMRS exchange hands on a given day and today's volume is recorded at 80851. 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 $18.58 area but be careful because the stock may face selling pressure at this level.
