Among the most volatile stocks traded on August 25 were: Bank of America Corporation, Zillow, Inc, Alon USA Energy, Inc, Golar LNG Partners LP, and Patterson Companies 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 Bank of America Corporation (BAC) traded higher by 13.45% or $0.94/share to $7.93. In the past year, the shares have traded as low as $6.01 and as high as $15.29. On average, 219428670 shares of BAC exchange hands on a given day and today's volume is recorded at 358589696. 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 $9.41 area but be careful because the stock may face selling pressure at this level.
Shares of Zillow, Inc. (Z) traded higher by 11.61% or $3.05/share to $29.31. In the past year, the shares have traded as low as $23.43 and as high as $60.00. On average, 421850 shares of Z exchange hands on a given day and today's volume is recorded at 80120. 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 $28.82 area.
Shares of Alon USA Energy, Inc. (ALJ) fell by 0.34% or $-0.03/share to $8.74. In the past year, the shares have traded as low as $4.70 and as high as $15.53. On average, 392010 shares of ALJ exchange hands on a given day and today's volume is recorded at 170113. 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 $9.83 area where the stock may encounter resistance.
Shares of Golar LNG Partners LP (GMLP) fell by 0.8% or $-0.20/share to $24.74. In the past year, the shares have traded as low as $22.41 and as high as $29.74. On average, 111580 shares of GMLP exchange hands on a given day and today's volume is recorded at 27100. 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 $26.67 area where the stock may encounter resistance.
Shares of Patterson Companies Inc. (PDCO) fell by 9.63% or $-2.88/share to $27.03. In the past year, the shares have traded as low as $24.54 and as high as $36.80. On average, 978390 shares of PDCO exchange hands on a given day and today's volume is recorded at 998857. 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 $31.10 area but be careful because the stock may face selling pressure at this level.
