Among the most volatile stocks traded on July 22 were: Avid Technology Inc, Cymer Inc, athenahealth, Inc, Human Genome Sciences Inc, and EZCORP Inc. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of Avid Technology Inc. (AVID) fell by 23.6% or $-4.33/share to $14.02. In the past year, the shares have traded as low as $11.04 and as high as $23.35. On average, 168550 shares of AVID exchange hands on a given day and today's volume is recorded at 854182. 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 $17.90 area but be careful because the stock may face selling pressure at this level.
Shares of Cymer Inc. (CYMI) fell by 0.41% or $-0.19/share to $46.46. In the past year, the shares have traded as low as $29.26 and as high as $58.19. On average, 316890 shares of CYMI exchange hands on a given day and today's volume is recorded at 525910. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $47.30 represents resistance and the 200-day moving average of $46.10 would be an area of support.
Shares of athenahealth, Inc. (ATHN) traded higher by 18.61% or $9.04/share to $57.62. In the past year, the shares have traded as low as $21.51 and as high as $50.56. On average, 376370 shares of ATHN exchange hands on a given day and today's volume is recorded at 1713133. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $43.66 area where the stock will likely see buying pressure.
Shares of Human Genome Sciences Inc. (HGSI) fell by 6.55% or $-1.52/share to $21.7. In the past year, the shares have traded as low as $22.34 and as high as $30.48. On average, 2143360 shares of HGSI exchange hands on a given day and today's volume is recorded at 5198062. 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 $25.50 area but be careful because the stock may face selling pressure at this level.
Shares of EZCORP Inc. (EZPW) fell by 10.02% or $-3.79/share to $34.02. In the past year, the shares have traded as low as $17.88 and as high as $38.66. On average, 394740 shares of EZPW exchange hands on a given day and today's volume is recorded at 1162495. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $33.05 area where the stock will likely see buying pressure.
