Stocks falling to new 52 week lows on July 12 are Ivanhoe Mines Ltd, ADTRAN Inc, Century Aluminum Co, Sonus Networks, Inc, and Rovi Corporation. 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 Ivanhoe Mines Ltd. (IVN) fell by 5.31% or $-0.46/share to $8.2. In the past year, the shares have traded as low as $8.39 and as high as $27.50. On average, 4117180 shares of IVN exchange hands on a given day and today's volume is recorded at 6881957. 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 $9.73 area but be careful because the stock may face selling pressure at this level.
Shares of ADTRAN Inc. (ADTN) fell by 4.48% or $-1.03/share to $21.98. In the past year, the shares have traded as low as $22.59 and as high as $40.49. On average, 963160 shares of ADTN exchange hands on a given day and today's volume is recorded at 3406107. 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 $29.43 area but be careful because the stock may face selling pressure at this level.
Shares of Century Aluminum Co. (CENX) remained unchanged at $6.56. In the past year, the shares have traded as low as $6.46 and as high as $15.44. On average, 1288770 shares of CENX exchange hands on a given day and today's volume is recorded at 3667319. 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 $7.38 area but be careful because the stock may face selling pressure at this level.
Shares of Sonus Networks, Inc. (SONS) fell by 3.26% or $-0.06/share to $1.78. In the past year, the shares have traded as low as $1.84 and as high as $3.37. On average, 1521240 shares of SONS exchange hands on a given day and today's volume is recorded at 1862213. 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 $2.34 area but be careful because the stock may face selling pressure at this level.
Shares of Rovi Corporation (ROVI) fell by 3.17% or $-0.57/share to $17.41. In the past year, the shares have traded as low as $17.87 and as high as $58.76. On average, 1196750 shares of ROVI exchange hands on a given day and today's volume is recorded at 877776. 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 $23.11 area but be careful because the stock may face selling pressure at this level.
