Among the most volatile stocks traded on August 22 were: Clearwire Corporation, Sagent Pharmaceuticals, Inc, Silicon Graphics International Corp, Autodesk, Inc, and Seattle Genetics 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 Clearwire Corporation (CLWR) traded higher by 30.3% or $0.70/share to $3.01. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6865290 shares of CLWR exchange hands on a given day and today's volume is recorded at 27192500. 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 $3.07 area but be careful because the stock may face selling pressure at this level.
Shares of Sagent Pharmaceuticals, Inc. (SGNT) traded higher by 4.05% or $0.81/share to $20.82. In the past year, the shares have traded as low as $13.50 and as high as $29.23. On average, 102380 shares of SGNT exchange hands on a given day and today's volume is recorded at 75200. 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 $24.17 area where the stock may encounter resistance.
Shares of Silicon Graphics International Corp. (SGI) traded higher by 26.57% or $3.17/share to $15.1. In the past year, the shares have traded as low as $5.84 and as high as $22.95. On average, 562190 shares of SGI exchange hands on a given day and today's volume is recorded at 3427200. 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 Autodesk, Inc. (ADSK) fell by 11.69% or $-3.10/share to $23.41. In the past year, the shares have traded as low as $26.16 and as high as $46.15. On average, 3992160 shares of ADSK exchange hands on a given day and today's volume is recorded at 19676200. 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 $35.20 area but be careful because the stock may face selling pressure at this level.
Shares of Seattle Genetics Inc. (SGEN) traded higher by 7.81% or $1.09/share to $15.04. In the past year, the shares have traded as low as $11.35 and as high as $21.41. On average, 2068520 shares of SGEN exchange hands on a given day and today's volume is recorded at 8441300. 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 $16.43 area where the stock may encounter resistance.
