Among the most volatile stocks traded on August 19 were: Cornerstone OnDemand Inc, Clearwire Corporation, Silicon Graphics International Corp, LDK Solar Co., Ltd, and Crown Media Holdings 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 Cornerstone OnDemand Inc. (CSOD) fell by 1.1% or $-0.16/share to $14.32. In the past year, the shares have traded as low as $12.13 and as high as $23.50. On average, 138580 shares of CSOD exchange hands on a given day and today's volume is recorded at 13388. 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 $17.51 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) traded higher by 33.29% or $0.77/share to $3.08. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6540120 shares of CLWR exchange hands on a given day and today's volume is recorded at 15056021. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $4.88 represents resistance and the 50-day moving average of $3.07 would be an area of support.
Shares of Silicon Graphics International Corp. (SGI) traded higher by 28.33% or $3.38/share to $15.31. In the past year, the shares have traded as low as $5.84 and as high as $22.95. On average, 513570 shares of SGI exchange hands on a given day and today's volume is recorded at 1420124. 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 $15.02 area where the stock will likely see buying pressure.
Shares of LDK Solar Co., Ltd. (LDK) fell by 10.2% or $-0.67/share to $5.9. In the past year, the shares have traded as low as $4.65 and as high as $15.10. On average, 6392620 shares of LDK exchange hands on a given day and today's volume is recorded at 5243615. 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 $6.70 area but be careful because the stock may face selling pressure at this level.
Shares of Crown Media Holdings Inc. (CRWN) traded higher by 1.65% or $0.02/share to $1.23. In the past year, the shares have traded as low as $1.20 and as high as $3.89. On average, 126270 shares of CRWN exchange hands on a given day and today's volume is recorded at 33801. 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 $1.70 area but be careful because the stock may face selling pressure at this level.
