Stocks falling to new 52 week lows on August 1 are ServiceSource Corporation, Knight Capital Group, Inc, Nordic American Tankers Limited, Career Education Corp, and Molycorp, 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 ServiceSource Corporation (SREV) fell by 27.84% or $-3.14/share to $8.14. In the past year, the shares have traded as low as $10.97 and as high as $19.30. On average, 909740 shares of SREV exchange hands on a given day and today's volume is recorded at 5953800. 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 $12.53 area but be careful because the stock may face selling pressure at this level.
Shares of Knight Capital Group, Inc. (KCG) fell by 22.7% or $-2.35/share to $7.99. In the past year, the shares have traded as low as $9.93 and as high as $14.01. On average, 1114770 shares of KCG exchange hands on a given day and today's volume is recorded at 34151852. 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 $11.72 area but be careful because the stock may face selling pressure at this level.
Shares of Nordic American Tankers Limited (NAT) fell by 3.25% or $-0.38/share to $11.32. In the past year, the shares have traded as low as $11.11 and as high as $19.72. On average, 393050 shares of NAT exchange hands on a given day and today's volume is recorded at 5816240. 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 Career Education Corp. (CECO) fell by 16.14% or $-0.76/share to $3.95. In the past year, the shares have traded as low as $4.54 and as high as $22.90. On average, 1228450 shares of CECO exchange hands on a given day and today's volume is recorded at 2116820. 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 $6.01 area but be careful because the stock may face selling pressure at this level.
Shares of Molycorp, Inc. (MCP) traded higher by 0.11% or $0.02/share to $17.44. In the past year, the shares have traded as low as $16.35 and as high as $66.62. On average, 2657070 shares of MCP exchange hands on a given day and today's volume is recorded at 8041331. 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 $20.07 area but be careful because the stock may face selling pressure at this level.
