Among the most volatile stocks traded on August 26 were: Global Industries Ltd, OmniVision Technologies Inc, MYR Group, Inc, Shanda Games Limited, and ATP Oil & Gas Corp. 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 Global Industries Ltd. (GLBL) fell by 2.05% or $-0.08/share to $3.83. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 1501550 shares of GLBL exchange hands on a given day and today's volume is recorded at 206159. 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 $4.79 area but be careful because the stock may face selling pressure at this level.
Shares of OmniVision Technologies Inc. (OVTI) fell by 30.98% or $-7.69/share to $17.13. In the past year, the shares have traded as low as $18.42 and as high as $37.04. On average, 2452550 shares of OVTI exchange hands on a given day and today's volume is recorded at 12286048. 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 $29.41 area but be careful because the stock may face selling pressure at this level.
Shares of MYR Group, Inc. (MYRG) traded higher by 6.42% or $1.20/share to $19.9. In the past year, the shares have traded as low as $13.32 and as high as $26.54. On average, 125890 shares of MYRG exchange hands on a given day and today's volume is recorded at 43669. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $21.80 area where the stock may encounter resistance.
Shares of Shanda Games Limited (GAME) traded higher by 0.19% or $0.01/share to $5.38. In the past year, the shares have traded as low as $4.51 and as high as $7.70. On average, 717150 shares of GAME exchange hands on a given day and today's volume is recorded at 142249. 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 $5.88 area but be careful because the stock may face selling pressure at this level.
Shares of ATP Oil & Gas Corp. (ATPG) fell by 0.16% or $-0.02/share to $12.88. In the past year, the shares have traded as low as $6.26 and as high as $21.40. On average, 1801600 shares of ATPG exchange hands on a given day and today's volume is recorded at 762121. 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 $13.64 area but be careful because the stock may face selling pressure at this level.
