Stocks falling to new 52 week lows on November 29 are Ternium S.A, Intermolecular, Inc, Chiquita Brands International Inc, Power-One Inc, and Homex Development Corp. 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 Ternium S.A. (TX) fell by 3.62% or $-0.58/share to $15.45. In the past year, the shares have traded as low as $15.99 and as high as $42.77. On average, 732610 shares of TX exchange hands on a given day and today's volume is recorded at 497230. 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 $22.29 area but be careful because the stock may face selling pressure at this level.
Shares of Intermolecular, Inc. (IMI) fell by 2.74% or $-0.24/share to $8.53. In the past year, the shares have traded as low as $8.60 and as high as $10.01. On average, 583100 shares of IMI exchange hands on a given day and today's volume is recorded at 22086. 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 $9.42 area but be careful because the stock may face selling pressure at this level.
Shares of Chiquita Brands International Inc. (CQB) fell by 3.31% or $-0.26/share to $7.6. In the past year, the shares have traded as low as $7.78 and as high as $17.36. On average, 630380 shares of CQB exchange hands on a given day and today's volume is recorded at 86783. 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 $8.68 area but be careful because the stock may face selling pressure at this level.
Shares of Power-One Inc. (PWER) fell by 4.08% or $-0.17/share to $4.0. In the past year, the shares have traded as low as $4.05 and as high as $12.14. On average, 3157480 shares of PWER exchange hands on a given day and today's volume is recorded at 499404. 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 $5.11 area but be careful because the stock may face selling pressure at this level.
Shares of Homex Development Corp. (HXM) fell by 0.44% or $-0.05/share to $11.4. In the past year, the shares have traded as low as $11.31 and as high as $34.73. On average, 264900 shares of HXM exchange hands on a given day and today's volume is recorded at 51145. 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 $13.94 area but be careful because the stock may face selling pressure at this level.
