Among the most volatile stocks traded on July 20 were: Education Management Corporation, Gevo, Inc, Xueda Education Group, 3D Systems Corporation, and Hampton Roads Bankshares 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 Education Management Corporation (EDMC) fell by 0.27% or $-0.07/share to $26.32. In the past year, the shares have traded as low as $7.76 and as high as $27.59. On average, 311410 shares of EDMC exchange hands on a given day and today's volume is recorded at 14597. 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 $23.41 area where the stock will likely see buying pressure.
Shares of Gevo, Inc. (GEVO) fell by 2.8% or $-0.50/share to $17.51. In the past year, the shares have traded as low as $12.79 and as high as $26.35. On average, 111900 shares of GEVO exchange hands on a given day and today's volume is recorded at 15703. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $18.72 represents resistance and the 50-day moving average of $17.48 would be an area of support.
Shares of Xueda Education Group (XUE) traded higher by 7.25% or $0.53/share to $7.84. In the past year, the shares have traded as low as $6.97 and as high as $14.73. On average, 147550 shares of XUE exchange hands on a given day and today's volume is recorded at 67877. 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 $8.75 area but be careful because the stock may face selling pressure at this level.
Shares of 3D Systems Corporation (DDD) fell by 2.19% or $-0.56/share to $25.04. In the past year, the shares have traded as low as $17.01 and as high as $25.91. On average, 470090 shares of DDD exchange hands on a given day and today's volume is recorded at 241693. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $19.73 area.
Shares of Hampton Roads Bankshares Inc. (HMPR) fell by 3.79% or $-0.31/share to $7.87. In the past year, the shares have traded as low as $7.20 and as high as $34.75. On average, 124370 shares of HMPR exchange hands on a given day and today's volume is recorded at 10485. 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 $15.93 area but be careful because the stock may face selling pressure at this level.
