Among the most volatile stocks traded on July 20 were: Plug Power Inc, AptarGroup, Inc, AMAG Pharmaceuticals, Inc, Fortinet Inc, and Rediff.com India Ltd. 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 Plug Power Inc. (PLUG) traded higher by 8.77% or $0.20/share to $2.48. In the past year, the shares have traded as low as $1.91 and as high as $10.70. On average, 300840 shares of PLUG exchange hands on a given day and today's volume is recorded at 1818600. 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 $2.83 area but be careful because the stock may face selling pressure at this level.
Shares of AptarGroup, Inc. (ATR) fell by 3.72% or $-1.99/share to $51.55. In the past year, the shares have traded as low as $38.58 and as high as $54.66. On average, 186370 shares of ATR exchange hands on a given day and today's volume is recorded at 184263. 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 $52.04 represents resistance and the 200-day moving average of $48.86 would be an area of support.
Shares of AMAG Pharmaceuticals, Inc. (AMAG) fell by 13.69% or $-2.61/share to $16.46. In the past year, the shares have traded as low as $13.75 and as high as $40.00. On average, 193750 shares of AMAG exchange hands on a given day and today's volume is recorded at 453726. 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 $17.22 area but be careful because the stock may face selling pressure at this level.
Shares of Fortinet Inc. (FTNT) fell by 19.75% or $-5.29/share to $21.49. In the past year, the shares have traded as low as $7.84 and as high as $28.56. On average, 2107210 shares of FTNT exchange hands on a given day and today's volume is recorded at 7732940. 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 $24.81 represents resistance and the 200-day moving average of $19.76 would be an area of support.
Shares of Rediff.com India Ltd. (REDF) fell by 0.88% or $-0.11/share to $12.37. In the past year, the shares have traded as low as $1.69 and as high as $17.98. On average, 1932580 shares of REDF exchange hands on a given day and today's volume is recorded at 474783. 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 $10.33 area where the stock will likely see buying pressure.
