Stocks falling to new 52 week lows on December 7 are Solera Holdings Inc, 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 Solera Holdings Inc. (SLH) traded higher by 0.13% or $0.06/share to $45.96. In the past year, the shares have traded as low as $45.63 and as high as $62.11. On average, 428680 shares of SLH exchange hands on a given day and today's volume is recorded at 189555. 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 $50.32 area but be careful because the stock may face selling pressure at this level.
Shares of Cellcom Israel Ltd. (CEL) traded higher by 0.12% or $0.02/share to $16.32. In the past year, the shares have traded as low as $16.20 and as high as $31.15. On average, 296900 shares of CEL exchange hands on a given day and today's volume is recorded at 143541. 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 $20.01 area but be careful because the stock may face selling pressure at this level.
