Stocks falling to new 52 week lows on July 31 are Zynga, Inc, ITT Educational Services Inc, Edwards Group Limited, Facebook, Inc, and Tower Group 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 Zynga, Inc. (ZNGA) fell by 2.82% or $-0.08/share to $2.92. In the past year, the shares have traded as low as $2.97 and as high as $15.89. On average, 25279470 shares of ZNGA exchange hands on a given day and today's volume is recorded at 16141061. 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 $5.47 area but be careful because the stock may face selling pressure at this level.
Shares of ITT Educational Services Inc. (ESI) fell by 2.26% or $-0.90/share to $39.09. In the past year, the shares have traded as low as $39.52 and as high as $86.56. On average, 367670 shares of ESI exchange hands on a given day and today's volume is recorded at 381093. 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 $56.33 area but be careful because the stock may face selling pressure at this level.
Shares of Edwards Group Limited (EVAC) traded higher by 2.81% or $0.19/share to $6.96. In the past year, the shares have traded as low as $6.77 and as high as $8.69. On average, 124170 shares of EVAC exchange hands on a given day and today's volume is recorded at 51200. 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 $7.63 area but be careful because the stock may face selling pressure at this level.
Shares of Facebook, Inc. (FB) fell by 5.57% or $-1.29/share to $21.86. In the past year, the shares have traded as low as $22.28 and as high as $45.00. On average, 47659850 shares of FB exchange hands on a given day and today's volume is recorded at 43734744. 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 $29.84 area but be careful because the stock may face selling pressure at this level.
Shares of Tower Group Inc. (TWGP) fell by 14.74% or $-3.20/share to $18.51. In the past year, the shares have traded as low as $18.72 and as high as $23.96. On average, 200620 shares of TWGP exchange hands on a given day and today's volume is recorded at 761953. 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 $20.41 area but be careful because the stock may face selling pressure at this level.
