Among the most volatile stocks traded on August 2 were: ICF International Inc, MetroPCS Communications, Inc, DepoMed Inc, Amedisys Inc, and eResearchTechnology, 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 ICF International Inc. (ICFI) traded higher by 4.73% or $1.13/share to $25.03. In the past year, the shares have traded as low as $19.58 and as high as $28.13. On average, 90630 shares of ICFI exchange hands on a given day and today's volume is recorded at 57872. 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 $24.76 area where the stock will likely see buying pressure.
Shares of MetroPCS Communications, Inc. (PCS) fell by 30.9% or $-5.00/share to $11.18. In the past year, the shares have traded as low as $8.25 and as high as $18.79. On average, 5481950 shares of PCS exchange hands on a given day and today's volume is recorded at 28049344. 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 $14.68 area where the stock may encounter resistance.
Shares of DepoMed Inc. (DEPO) fell by 13.9% or $-1.07/share to $6.63. In the past year, the shares have traded as low as $2.77 and as high as $10.40. On average, 863710 shares of DEPO exchange hands on a given day and today's volume is recorded at 1357900. 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 $7.54 area where the stock may encounter resistance.
Shares of Amedisys Inc. (AMED) fell by 6.61% or $-1.63/share to $23.03. In the past year, the shares have traded as low as $22.82 and as high as $38.87. On average, 353050 shares of AMED exchange hands on a given day and today's volume is recorded at 948774. 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 $27.46 area but be careful because the stock may face selling pressure at this level.
Shares of eResearchTechnology, Inc. (ERT) fell by 14.31% or $-0.92/share to $5.51. In the past year, the shares have traded as low as $5.36 and as high as $8.65. On average, 125940 shares of ERT exchange hands on a given day and today's volume is recorded at 126917. 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 $6.24 area but be careful because the stock may face selling pressure at this level.
