Stocks falling to new 52 week lows on July 19 are DHT Holdings, Inc, Cypress Semiconductor Corporation, 51job Inc, Ceradyne Inc, and AU Optronics Corp. 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 DHT Holdings, Inc. (DHT) fell by 3.3% or $-0.23/share to $6.75. In the past year, the shares have traded as low as $6.98 and as high as $42.78. On average, 62380 shares of DHT exchange hands on a given day and today's volume is recorded at 125126. 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 $7.76 area but be careful because the stock may face selling pressure at this level.
Shares of Cypress Semiconductor Corporation (CY) fell by 6.11% or $-0.73/share to $11.22. In the past year, the shares have traded as low as $11.52 and as high as $22.03. On average, 2793390 shares of CY exchange hands on a given day and today's volume is recorded at 6651027. 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 $12.90 area but be careful because the stock may face selling pressure at this level.
Shares of 51job Inc. (JOBS) fell by 3.62% or $-1.33/share to $35.41. In the past year, the shares have traded as low as $36.50 and as high as $69.80. On average, 84660 shares of JOBS exchange hands on a given day and today's volume is recorded at 241137. 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 $46.05 area but be careful because the stock may face selling pressure at this level.
Shares of Ceradyne Inc. (CRDN) fell by 4.59% or $-1.12/share to $23.27. In the past year, the shares have traded as low as $23.64 and as high as $36.22. On average, 206850 shares of CRDN exchange hands on a given day and today's volume is recorded at 98626. 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 $25.00 area but be careful because the stock may face selling pressure at this level.
Shares of AU Optronics Corp. (AUO) fell by 2.01% or $-0.07/share to $3.41. In the past year, the shares have traded as low as $3.46 and as high as $6.29. On average, 983970 shares of AUO exchange hands on a given day and today's volume is recorded at 397041. 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 $3.97 area but be careful because the stock may face selling pressure at this level.
