Among the most volatile stocks traded on August 4 were: Entropic Communications, Inc, Savient Pharmaceuticals, Inc, Central Garden & Pet Co, Boise Inc, and Intermec, 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 Entropic Communications, Inc. (ENTR) fell by 36.53% or $-2.44/share to $4.24. In the past year, the shares have traded as low as $6.36 and as high as $13.96. On average, 2587070 shares of ENTR exchange hands on a given day and today's volume is recorded at 11141048. 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 $8.12 area but be careful because the stock may face selling pressure at this level.
Shares of Savient Pharmaceuticals, Inc. (SVNT) fell by 21.74% or $-1.40/share to $5.04. In the past year, the shares have traded as low as $6.31 and as high as $23.46. On average, 1959400 shares of SVNT exchange hands on a given day and today's volume is recorded at 1714633. 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 $7.35 area but be careful because the stock may face selling pressure at this level.
Shares of Central Garden & Pet Co. (CENT) fell by 8.66% or $-0.76/share to $8.02. In the past year, the shares have traded as low as $8.40 and as high as $11.38. On average, 97380 shares of CENT exchange hands on a given day and today's volume is recorded at 77971. 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 $9.79 area where the stock may encounter resistance.
Shares of Boise Inc. (BZ) fell by 14.31% or $-0.90/share to $5.39. In the past year, the shares have traded as low as $5.73 and as high as $9.85. On average, 2025460 shares of BZ exchange hands on a given day and today's volume is recorded at 1428584. 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 $7.52 area but be careful because the stock may face selling pressure at this level.
Shares of Intermec, Inc. (IN) fell by 20.69% or $-2.15/share to $8.24. In the past year, the shares have traded as low as $9.89 and as high as $13.08. On average, 307430 shares of IN exchange hands on a given day and today's volume is recorded at 380691. 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 $10.98 area but be careful because the stock may face selling pressure at this level.
