Stocks falling to new 52 week lows on July 31 are Dendreon Corp, LogMeIn, Inc, Acacia Research Corporation, Trina Solar Limited, and Humana 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 Dendreon Corp. (DNDN) fell by 22.82% or $-1.41/share to $4.77. In the past year, the shares have traded as low as $5.69 and as high as $37.71. On average, 6307500 shares of DNDN exchange hands on a given day and today's volume is recorded at 21009320. 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 $6.86 area but be careful because the stock may face selling pressure at this level.
Shares of LogMeIn, Inc. (LOGM) fell by 22.51% or $-5.49/share to $18.9. In the past year, the shares have traded as low as $21.60 and as high as $44.60. On average, 310820 shares of LOGM exchange hands on a given day and today's volume is recorded at 3038108. 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 $30.78 area but be careful because the stock may face selling pressure at this level.
Shares of Acacia Research Corporation (ACTG) fell by 9.4% or $-2.96/share to $28.54. In the past year, the shares have traded as low as $28.32 and as high as $47.24. On average, 424950 shares of ACTG exchange hands on a given day and today's volume is recorded at 3333191. 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 $35.69 area but be careful because the stock may face selling pressure at this level.
Shares of Trina Solar Limited (TSL) fell by 5.57% or $-0.27/share to $4.57. In the past year, the shares have traded as low as $4.76 and as high as $19.12. On average, 1953290 shares of TSL exchange hands on a given day and today's volume is recorded at 1915986. 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 $6.09 area but be careful because the stock may face selling pressure at this level.
Shares of Humana Inc. (HUM) fell by 12.54% or $-8.85/share to $61.7. In the past year, the shares have traded as low as $64.62 and as high as $95.87. On average, 1872220 shares of HUM exchange hands on a given day and today's volume is recorded at 8883005. 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 $76.16 area but be careful because the stock may face selling pressure at this level.
