Stocks falling to new 52 week lows on December 15 are First Solar, Inc, InterMune Inc, 7 Days Group Holdings Limited, Vonage Holdings Corporation, and NuVasive, 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 First Solar, Inc. (FSLR) fell by 4.96% or $-1.66/share to $31.79. In the past year, the shares have traded as low as $33.08 and as high as $175.44. On average, 4231270 shares of FSLR exchange hands on a given day and today's volume is recorded at 8715558. 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 $48.80 area but be careful because the stock may face selling pressure at this level.
Shares of InterMune Inc. (ITMN) fell by 23.26% or $-4.25/share to $14.03. In the past year, the shares have traded as low as $13.55 and as high as $51.69. On average, 1228870 shares of ITMN exchange hands on a given day and today's volume is recorded at 11500028. 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 $21.12 area but be careful because the stock may face selling pressure at this level.
Shares of 7 Days Group Holdings Limited (SVN) fell by 3.01% or $-0.36/share to $11.61. In the past year, the shares have traded as low as $11.91 and as high as $24.00. On average, 130870 shares of SVN exchange hands on a given day and today's volume is recorded at 29369. 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 $14.37 area but be careful because the stock may face selling pressure at this level.
Shares of Vonage Holdings Corporation (VG) remained unchanged at $2.14. In the past year, the shares have traded as low as $2.14 and as high as $5.39. On average, 1825310 shares of VG exchange hands on a given day and today's volume is recorded at 1532706. 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 $2.72 area but be careful because the stock may face selling pressure at this level.
Shares of NuVasive, Inc. (NUVA) fell by 4.0% or $-0.48/share to $11.51. In the past year, the shares have traded as low as $11.92 and as high as $34.91. On average, 990460 shares of NUVA exchange hands on a given day and today's volume is recorded at 622498. 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 $14.99 area but be careful because the stock may face selling pressure at this level.
