Among the most volatile stocks traded on August 8 were: SciQuest, Inc, FelCor Lodging Trust Inc, Boise Inc, ZAGG Incorporated, and Libbey 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 SciQuest, Inc. (SQI) fell by 7.8% or $-1.21/share to $14.3. In the past year, the shares have traded as low as $10.50 and as high as $18.45. On average, 112300 shares of SQI exchange hands on a given day and today's volume is recorded at 24849. 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 $14.42 area where the stock may encounter resistance.
Shares of FelCor Lodging Trust Inc. (FCH) fell by 15.38% or $-0.60/share to $3.3. In the past year, the shares have traded as low as $3.83 and as high as $8.31. On average, 1023400 shares of FCH exchange hands on a given day and today's volume is recorded at 669850. 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 $5.39 area but be careful because the stock may face selling pressure at this level.
Shares of Boise Inc. (BZ) fell by 8.6% or $-0.46/share to $4.84. In the past year, the shares have traded as low as $4.84 and as high as $9.86. On average, 2009440 shares of BZ exchange hands on a given day and today's volume is recorded at 739812. 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 $7.42 area but be careful because the stock may face selling pressure at this level.
Shares of ZAGG Incorporated (ZAGG) fell by 6.65% or $-0.89/share to $12.49. In the past year, the shares have traded as low as $2.79 and as high as $16.90. On average, 2265280 shares of ZAGG exchange hands on a given day and today's volume is recorded at 1134141. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $13.47 represents resistance and the 200-day moving average of $9.59 would be an area of support.
Shares of Libbey Inc. (LBY) fell by 7.14% or $-1.01/share to $13.14. In the past year, the shares have traded as low as $10.10 and as high as $18.42. On average, 79790 shares of LBY exchange hands on a given day and today's volume is recorded at 84758. 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 $15.44 area but be careful because the stock may face selling pressure at this level.
