Among the most volatile stocks traded on August 15 were: Cyberonics Inc, MedQuist Holdings Inc, DryShips, Inc, BOK Financial Corp, and Central European Distribution 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 Cyberonics Inc. (CYBX) fell by 9.91% or $-2.61/share to $23.72. In the past year, the shares have traded as low as $20.51 and as high as $35.88. On average, 343650 shares of CYBX exchange hands on a given day and today's volume is recorded at 245671. 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 $27.24 area but be careful because the stock may face selling pressure at this level.
Shares of MedQuist Holdings Inc. (MEDH) traded higher by 1.19% or $0.12/share to $10.19. In the past year, the shares have traded as low as $7.84 and as high as $14.20. On average, 341910 shares of MEDH exchange hands on a given day and today's volume is recorded at 48750. 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 $11.11 area where the stock may encounter resistance.
Shares of DryShips, Inc. (DRYS) traded higher by 14.34% or $0.39/share to $3.11. In the past year, the shares have traded as low as $2.19 and as high as $6.44. On average, 10610950 shares of DRYS exchange hands on a given day and today's volume is recorded at 7610907. 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 $3.76 area but be careful because the stock may face selling pressure at this level.
Shares of BOK Financial Corp. (BOKF) traded higher by 3.72% or $1.69/share to $47.18. In the past year, the shares have traded as low as $41.68 and as high as $55.70. On average, 83340 shares of BOKF exchange hands on a given day and today's volume is recorded at 75236. 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 $51.33 area where the stock may encounter resistance.
Shares of Central European Distribution Corp. (CEDC) traded higher by 9.93% or $0.61/share to $6.75. In the past year, the shares have traded as low as $5.23 and as high as $28.08. On average, 2049710 shares of CEDC exchange hands on a given day and today's volume is recorded at 1000112. 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 $10.33 area but be careful because the stock may face selling pressure at this level.
