Among the most volatile stocks traded on August 18 were: Camelot Information Systems Inc, Solazyme, Inc, Eastman Kodak Co, International Rectifier Corporation, and The St. Joe Company. 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 Camelot Information Systems Inc. (CIS) fell by 38.79% or $-3.32/share to $5.24. In the past year, the shares have traded as low as $7.17 and as high as $28.19. On average, 743500 shares of CIS exchange hands on a given day and today's volume is recorded at 1697892. 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 $12.92 area but be careful because the stock may face selling pressure at this level.
Shares of Solazyme, Inc. (SZYM) fell by 8.81% or $-1.45/share to $15.0. In the past year, the shares have traded as low as $12.88 and as high as $27.47. On average, 547310 shares of SZYM exchange hands on a given day and today's volume is recorded at 77268. 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 $21.77 area but be careful because the stock may face selling pressure at this level.
Shares of Eastman Kodak Co. (EK) traded higher by 13.76% or $0.37/share to $3.06. In the past year, the shares have traded as low as $1.75 and as high as $5.95. On average, 13216290 shares of EK exchange hands on a given day and today's volume is recorded at 20989312. 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 $3.71 represents resistance and the 50-day moving average of $2.77 would be an area of support.
Shares of International Rectifier Corporation (IRF) fell by 17.89% or $-4.09/share to $18.75. In the past year, the shares have traded as low as $17.50 and as high as $35.25. On average, 602360 shares of IRF exchange hands on a given day and today's volume is recorded at 1468212. 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 $25.75 area but be careful because the stock may face selling pressure at this level.
Shares of The St. Joe Company (JOE) fell by 3.61% or $-0.62/share to $16.57. In the past year, the shares have traded as low as $14.80 and as high as $30.34. On average, 639790 shares of JOE exchange hands on a given day and today's volume is recorded at 101212. 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 $18.46 area but be careful because the stock may face selling pressure at this level.
