Among the most volatile stocks traded on August 24 were: Amerisafe, Inc, Trina Solar Ltd, RealPage, Inc, Vonage Holdings Corporation, and Quantum Fuel Systems Technologies Worldwide 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 Amerisafe, Inc. (AMSF) traded higher by 0.26% or $0.05/share to $19.0. In the past year, the shares have traded as low as $17.02 and as high as $27.75. On average, 59120 shares of AMSF exchange hands on a given day and today's volume is recorded at 13951. 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 $20.51 area where the stock may encounter resistance.
Shares of Trina Solar Ltd. (TSL) traded higher by 8.1% or $1.05/share to $14.02. In the past year, the shares have traded as low as $12.75 and as high as $31.89. On average, 3130410 shares of TSL exchange hands on a given day and today's volume is recorded at 1890583. 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 $18.18 area but be careful because the stock may face selling pressure at this level.
Shares of RealPage, Inc. (RP) fell by 10.82% or $-2.30/share to $18.95. In the past year, the shares have traded as low as $15.76 and as high as $34.19. On average, 330280 shares of RP exchange hands on a given day and today's volume is recorded at 164130. 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 $24.66 area but be careful because the stock may face selling pressure at this level.
Shares of Vonage Holdings Corporation (VG) traded higher by 11.07% or $0.29/share to $2.91. In the past year, the shares have traded as low as $1.92 and as high as $5.39. On average, 2467030 shares of VG exchange hands on a given day and today's volume is recorded at 735575. 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 $3.79 area where the stock may encounter resistance.
Shares of Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) traded higher by 5.15% or $0.14/share to $2.86. In the past year, the shares have traded as low as $2.25 and as high as $12.60. On average, 708650 shares of QTWW exchange hands on a given day and today's volume is recorded at 54865. 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 $3.99 area but be careful because the stock may face selling pressure at this level.
