Among the most volatile stocks traded on August 3 were: ExamWorks Group, Inc, ION Geophysical Corporation, CIBER, Inc, Harbin Electric, Inc, and Kenexa Corp. 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 ExamWorks Group, Inc. (EXAM) fell by 27.77% or $-5.87/share to $15.27. In the past year, the shares have traded as low as $15.10 and as high as $26.48. On average, 301450 shares of EXAM exchange hands on a given day and today's volume is recorded at 3058974. 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 $21.59 area where the stock may encounter resistance.
Shares of ION Geophysical Corporation (IO) fell by 24.45% or $-2.34/share to $7.24. In the past year, the shares have traded as low as $3.33 and as high as $13.91. On average, 1938650 shares of IO exchange hands on a given day and today's volume is recorded at 5989493. 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 $9.49 area where the stock may encounter resistance.
Shares of CIBER, Inc. (CBR) fell by 44.38% or $-2.29/share to $2.87. In the past year, the shares have traded as low as $2.60 and as high as $6.98. On average, 470290 shares of CBR exchange hands on a given day and today's volume is recorded at 5003769. 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 $5.03 area where the stock may encounter resistance.
Shares of Harbin Electric, Inc. (HRBN) fell by 11.15% or $-1.89/share to $15.06. In the past year, the shares have traded as low as $5.82 and as high as $25.05. On average, 2035010 shares of HRBN exchange hands on a given day and today's volume is recorded at 2685547. 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 $16.11 area but be careful because the stock may face selling pressure at this level.
Shares of Kenexa Corp. (KNXA) traded higher by 6.03% or $1.49/share to $26.22. In the past year, the shares have traded as low as $10.75 and as high as $33.19. On average, 248670 shares of KNXA exchange hands on a given day and today's volume is recorded at 451718. 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 $26.95 represents resistance and the 200-day moving average of $24.25 would be an area of support.
