Among the most volatile stocks traded on August 24 were: Aspen Technology Inc, MGIC Investment Corp, ICF International Inc, Xueda Education Group, and Extorre Gold Mines Ltd. Ordinar. 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 Aspen Technology Inc. (AZPN) traded higher by 17.72% or $2.46/share to $16.34. In the past year, the shares have traded as low as $9.14 and as high as $17.53. On average, 699430 shares of AZPN exchange hands on a given day and today's volume is recorded at 1052315. 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 $15.50 area where the stock will likely see buying pressure.
Shares of MGIC Investment Corp. (MTG) traded higher by 17.16% or $0.29/share to $1.98. In the past year, the shares have traded as low as $1.59 and as high as $11.79. On average, 7302180 shares of MTG exchange hands on a given day and today's volume is recorded at 4825409. 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 $4.58 area but be careful because the stock may face selling pressure at this level.
Shares of ICF International Inc. (ICFI) traded higher by 1.39% or $0.29/share to $21.08. In the past year, the shares have traded as low as $19.47 and as high as $28.13. On average, 99520 shares of ICFI exchange hands on a given day and today's volume is recorded at 46696. 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 $23.81 area but be careful because the stock may face selling pressure at this level.
Shares of Xueda Education Group (XUE) fell by 1.1% or $-0.08/share to $7.22. In the past year, the shares have traded as low as $6.61 and as high as $14.73. On average, 187250 shares of XUE exchange hands on a given day and today's volume is recorded at 24100. 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 $7.98 area but be careful because the stock may face selling pressure at this level.
Shares of Extorre Gold Mines Ltd. Ordinar (XG) fell by 10.4% or $-1.03/share to $8.87. In the past year, the shares have traded as low as $3.14 and as high as $15.42. On average, 264440 shares of XG exchange hands on a given day and today's volume is recorded at 245632. 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 $12.48 represents resistance and the 200-day moving average of $8.36 would be an area of support.
