Among the most volatile stocks traded on August 31 were: EnerNOC, Inc, Clearwire Corporation, MGIC Investment Corp, Radian Group Inc, and LTX-Credence Corporation. 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 EnerNOC, Inc. (ENOC) traded higher by 11.01% or $1.30/share to $13.11. In the past year, the shares have traded as low as $8.39 and as high as $34.00. On average, 339930 shares of ENOC exchange hands on a given day and today's volume is recorded at 354024. 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 $14.44 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) traded higher by 8.16% or $0.24/share to $3.12. In the past year, the shares have traded as low as $1.32 and as high as $8.83. On average, 6727360 shares of CLWR exchange hands on a given day and today's volume is recorded at 5142920. 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 $4.74 represents resistance and the 50-day moving average of $2.93 would be an area of support.
Shares of MGIC Investment Corp. (MTG) fell by 5.07% or $-0.14/share to $2.66. In the past year, the shares have traded as low as $1.59 and as high as $11.80. On average, 8031870 shares of MTG exchange hands on a given day and today's volume is recorded at 4701586. 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 $4.20 area but be careful because the stock may face selling pressure at this level.
Shares of Radian Group Inc. (RDN) fell by 3.18% or $-0.11/share to $3.36. In the past year, the shares have traded as low as $1.95 and as high as $10.09. On average, 4912920 shares of RDN exchange hands on a given day and today's volume is recorded at 3535569. 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 $3.40 area but be careful because the stock may face selling pressure at this level.
Shares of LTX-Credence Corporation (LTXC) fell by 18.53% or $-1.23/share to $5.39. In the past year, the shares have traded as low as $4.98 and as high as $9.84. On average, 529070 shares of LTXC exchange hands on a given day and today's volume is recorded at 2631338. 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 $7.53 area but be careful because the stock may face selling pressure at this level.
