Among the most volatile stocks traded on August 29 were: QLT Inc, Noah Holdings Limited, Jiayuan.com International Ltd, Radian Group Inc, and Mobile Mini, 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 QLT Inc. (QLTI) traded higher by 11.42% or $0.73/share to $7.16. In the past year, the shares have traded as low as $5.34 and as high as $8.86. On average, 174690 shares of QLTI exchange hands on a given day and today's volume is recorded at 1199182. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $7.02 area.
Shares of Noah Holdings Limited (NOAH) fell by 9.84% or $-1.16/share to $10.63. In the past year, the shares have traded as low as $9.67 and as high as $20.68. On average, 217270 shares of NOAH exchange hands on a given day and today's volume is recorded at 77403. 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 $12.45 area but be careful because the stock may face selling pressure at this level.
Shares of Jiayuan.com International Ltd. (DATE) traded higher by 1.94% or $0.25/share to $13.12. In the past year, the shares have traded as low as $9.12 and as high as $16.12. On average, 271210 shares of DATE exchange hands on a given day and today's volume is recorded at 21757. 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 $12.74 area where the stock will likely see buying pressure.
Shares of Radian Group Inc. (RDN) traded higher by 12.16% or $0.36/share to $3.32. In the past year, the shares have traded as low as $1.95 and as high as $10.09. On average, 4804310 shares of RDN exchange hands on a given day and today's volume is recorded at 2207490. 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 $3.42 area but be careful because the stock may face selling pressure at this level.
Shares of Mobile Mini, Inc. (MINI) traded higher by 4.09% or $0.73/share to $18.6. In the past year, the shares have traded as low as $14.14 and as high as $25.49. On average, 207600 shares of MINI exchange hands on a given day and today's volume is recorded at 16554. 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 $20.29 area but be careful because the stock may face selling pressure at this level.
