Stocks falling to new 52 week lows on December 8 are Getty Realty Corp, MEMC Electronic Materials Inc, Harvest Natural Resources Inc, Grupo Financiero Galicia S.A, and Cellcom Israel Ltd. 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 Getty Realty Corp. (GTY) fell by 1.38% or $-0.18/share to $12.88. In the past year, the shares have traded as low as $12.51 and as high as $30.16. On average, 252380 shares of GTY exchange hands on a given day and today's volume is recorded at 361616. 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 $15.28 area but be careful because the stock may face selling pressure at this level.
Shares of MEMC Electronic Materials Inc. (WFR) traded higher by 1.66% or $0.07/share to $4.28. In the past year, the shares have traded as low as $3.92 and as high as $15.04. On average, 7422790 shares of WFR exchange hands on a given day and today's volume is recorded at 9751626. 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 $5.13 area but be careful because the stock may face selling pressure at this level.
Shares of Harvest Natural Resources Inc. (HNR) fell by 13.68% or $-1.20/share to $7.57. In the past year, the shares have traded as low as $7.61 and as high as $17.46. On average, 574520 shares of HNR exchange hands on a given day and today's volume is recorded at 554715. 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 $9.69 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Financiero Galicia S.A. (GGAL) fell by 1.91% or $-0.13/share to $6.66. In the past year, the shares have traded as low as $6.60 and as high as $16.87. On average, 324380 shares of GGAL exchange hands on a given day and today's volume is recorded at 65284. 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 $8.12 area but be careful because the stock may face selling pressure at this level.
Shares of Cellcom Israel Ltd. (CEL) fell by 2.18% or $-0.36/share to $16.15. In the past year, the shares have traded as low as $16.16 and as high as $31.14. On average, 298810 shares of CEL exchange hands on a given day and today's volume is recorded at 166823. 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 $19.93 area but be careful because the stock may face selling pressure at this level.
