Among the most volatile stocks traded on August 19 were: Wet Seal Inc, Libbey Inc, Nordson Corporation, Eastman Kodak Co, and Aeropostale, 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 Wet Seal Inc. (WTSLA) traded higher by 16.25% or $0.65/share to $4.65. In the past year, the shares have traded as low as $2.77 and as high as $5.15. On average, 1770970 shares of WTSLA exchange hands on a given day and today's volume is recorded at 1216625. 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 $4.59 area where the stock will likely see buying pressure.
Shares of Libbey Inc. (LBY) traded higher by 2.39% or $0.28/share to $12.0. In the past year, the shares have traded as low as $10.30 and as high as $18.42. On average, 87390 shares of LBY exchange hands on a given day and today's volume is recorded at 25047. 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 $14.97 area but be careful because the stock may face selling pressure at this level.
Shares of Nordson Corporation (NDSN) fell by 1.33% or $-0.55/share to $40.74. In the past year, the shares have traded as low as $30.59 and as high as $59.28. On average, 657840 shares of NDSN exchange hands on a given day and today's volume is recorded at 581766. 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 $49.56 area where the stock may encounter resistance.
Shares of Eastman Kodak Co. (EK) fell by 0.66% or $-0.02/share to $3.03. In the past year, the shares have traded as low as $1.75 and as high as $5.95. On average, 13486440 shares of EK exchange hands on a given day and today's volume is recorded at 13563560. 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 $3.70 represents resistance and the 50-day moving average of $2.77 would be an area of support.
Shares of Aeropostale, Inc. (ARO) fell by 12.49% or $-1.56/share to $10.93. In the past year, the shares have traded as low as $11.20 and as high as $27.73. On average, 3239850 shares of ARO exchange hands on a given day and today's volume is recorded at 3123007. 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 $16.32 area but be careful because the stock may face selling pressure at this level.
