Among the most volatile stocks traded on August 31 were: Sky-mobi Limited, Optimer Pharmaceuticals, Inc, Xueda Education Group, SemGroup Corporation, and Sprint Nextel Corp. 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 Sky-mobi Limited (MOBI) fell by 2.72% or $-0.17/share to $6.08. In the past year, the shares have traded as low as $4.25 and as high as $23.25. On average, 802460 shares of MOBI exchange hands on a given day and today's volume is recorded at 130326. 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 $7.28 area but be careful because the stock may face selling pressure at this level.
Shares of Optimer Pharmaceuticals, Inc. (OPTR) traded higher by 7.6% or $0.70/share to $9.91. In the past year, the shares have traded as low as $6.81 and as high as $14.74. On average, 827190 shares of OPTR exchange hands on a given day and today's volume is recorded at 308702. 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 $10.24 area but be careful because the stock may face selling pressure at this level.
Shares of Xueda Education Group (XUE) traded higher by 0.29% or $0.02/share to $6.94. In the past year, the shares have traded as low as $6.61 and as high as $14.73. On average, 180810 shares of XUE exchange hands on a given day and today's volume is recorded at 41842. 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 $7.88 area but be careful because the stock may face selling pressure at this level.
Shares of SemGroup Corporation (SEMG) traded higher by 7.78% or $1.61/share to $22.31. In the past year, the shares have traded as low as $16.55 and as high as $34.28. On average, 472450 shares of SEMG exchange hands on a given day and today's volume is recorded at 273172. 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 $22.63 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) traded higher by 7.32% or $0.26/share to $3.81. In the past year, the shares have traded as low as $2.98 and as high as $6.45. On average, 61100870 shares of S exchange hands on a given day and today's volume is recorded at 90425064. 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 $4.46 area but be careful because the stock may face selling pressure at this level.
