Among the most volatile stocks traded on August 3 were: Renren Inc. American Depositary, Powell Industries, Inc, Kforce Inc, Approach Resources, Inc, and Nxstage Medical, 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 Renren Inc. American Depositary (RENN) fell by 9.76% or $-1.00/share to $9.25. In the past year, the shares have traded as low as $6.13 and as high as $24.00. On average, 9616400 shares of RENN exchange hands on a given day and today's volume is recorded at 2563182. 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 $9.98 area but be careful because the stock may face selling pressure at this level.
Shares of Powell Industries, Inc. (POWL) fell by 0.52% or $-0.20/share to $38.39. In the past year, the shares have traded as low as $28.01 and as high as $41.64. On average, 39140 shares of POWL exchange hands on a given day and today's volume is recorded at 33682. 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 $35.94 area where the stock will likely see buying pressure.
Shares of Kforce Inc. (KFRC) fell by 29.96% or $-3.88/share to $9.07. In the past year, the shares have traded as low as $9.80 and as high as $19.23. On average, 258950 shares of KFRC exchange hands on a given day and today's volume is recorded at 1284478. 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 $13.30 area but be careful because the stock may face selling pressure at this level.
Shares of Approach Resources, Inc. (AREX) fell by 9.02% or $-2.37/share to $23.9. In the past year, the shares have traded as low as $6.72 and as high as $34.93. On average, 617190 shares of AREX exchange hands on a given day and today's volume is recorded at 342181. 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 $24.13 area but be careful because the stock may face selling pressure at this level.
Shares of Nxstage Medical, Inc. (NXTM) traded higher by 7.49% or $1.27/share to $18.23. In the past year, the shares have traded as low as $14.63 and as high as $27.12. On average, 607550 shares of NXTM exchange hands on a given day and today's volume is recorded at 1799937. 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 $19.24 area but be careful because the stock may face selling pressure at this level.
