Among the most volatile stocks traded on August 30 were: Central European Distribution Corp, Houston American Energy Corp, Willbros Group Inc, Green Plains Renewable Energy, Inc, and Exelixis, 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 Central European Distribution Corp. (CEDC) fell by 5.98% or $-0.49/share to $7.71. In the past year, the shares have traded as low as $5.21 and as high as $28.08. On average, 2280780 shares of CEDC exchange hands on a given day and today's volume is recorded at 3003970. 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 $9.05 area but be careful because the stock may face selling pressure at this level.
Shares of Houston American Energy Corp. (HUSA) traded higher by 3.1% or $0.46/share to $15.28. In the past year, the shares have traded as low as $8.78 and as high as $20.90. On average, 175350 shares of HUSA exchange hands on a given day and today's volume is recorded at 53350. 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 $16.33 area but be careful because the stock may face selling pressure at this level.
Shares of Willbros Group Inc. (WG) traded higher by 2.74% or $0.17/share to $6.38. In the past year, the shares have traded as low as $4.84 and as high as $12.55. On average, 434270 shares of WG exchange hands on a given day and today's volume is recorded at 283074. 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 $7.54 area but be careful because the stock may face selling pressure at this level.
Shares of Green Plains Renewable Energy, Inc. (GPRE) traded higher by 0.68% or $0.07/share to $10.39. In the past year, the shares have traded as low as $8.75 and as high as $13.64. On average, 226580 shares of GPRE exchange hands on a given day and today's volume is recorded at 34627. 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 $10.68 area but be careful because the stock may face selling pressure at this level.
Shares of Exelixis, Inc. (EXEL) traded higher by 4.37% or $0.31/share to $7.4. In the past year, the shares have traded as low as $2.96 and as high as $12.82. On average, 1497730 shares of EXEL exchange hands on a given day and today's volume is recorded at 374799. 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 $7.88 area but be careful because the stock may face selling pressure at this level.
