Among the most volatile stocks traded on August 15 were: OceanFreight, Inc, Camelot Information Systems Inc, InterDigital, Inc, TMS International Corp, and Zhongpin, 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 OceanFreight, Inc. (OCNF) traded higher by 20.94% or $2.60/share to $15.0. In the past year, the shares have traded as low as $5.22 and as high as $23.01. On average, 33430 shares of OCNF exchange hands on a given day and today's volume is recorded at 37229. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $13.88 area.
Shares of Camelot Information Systems Inc. (CIS) traded higher by 8.95% or $0.71/share to $8.64. In the past year, the shares have traded as low as $7.65 and as high as $28.18. On average, 681830 shares of CIS exchange hands on a given day and today's volume is recorded at 1218400. 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 $13.34 area but be careful because the stock may face selling pressure at this level.
Shares of InterDigital, Inc. (IDCC) fell by 21.21% or $-16.06/share to $59.66. In the past year, the shares have traded as low as $24.28 and as high as $82.49. On average, 1706660 shares of IDCC exchange hands on a given day and today's volume is recorded at 7278699. 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 $50.86 area where the stock will likely see buying pressure.
Shares of TMS International Corp. (TMS) traded higher by 14.66% or $1.22/share to $9.54. In the past year, the shares have traded as low as $7.00 and as high as $14.85. On average, 90950 shares of TMS exchange hands on a given day and today's volume is recorded at 13232. 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 $12.51 area but be careful because the stock may face selling pressure at this level.
Shares of Zhongpin, Inc. (HOGS) fell by 0.23% or $-0.02/share to $8.58. In the past year, the shares have traded as low as $8.18 and as high as $25.00. On average, 1089290 shares of HOGS exchange hands on a given day and today's volume is recorded at 391755. 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 $10.70 area but be careful because the stock may face selling pressure at this level.