Among the most volatile stocks traded on August 5 were: Rackspace Hosting, Inc, Jiayuan.com International Ltd, Star Scientific, Inc, Banro Corporation, and TTM Technologies 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 Rackspace Hosting, Inc (RAX) fell by 1.26% or $-0.46/share to $36.3. In the past year, the shares have traded as low as $18.10 and as high as $46.50. On average, 1948960 shares of RAX exchange hands on a given day and today's volume is recorded at 2225419. 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 $36.70 area where the stock may encounter resistance.
Shares of Jiayuan.com International Ltd. (DATE) fell by 3.29% or $-0.45/share to $13.23. In the past year, the shares have traded as low as $9.12 and as high as $16.12. On average, 481520 shares of DATE exchange hands on a given day and today's volume is recorded at 103938. 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 $12.38 area where the stock will likely see buying pressure.
Shares of Star Scientific, Inc. (CIGX) fell by 1.77% or $-0.05/share to $2.99. In the past year, the shares have traded as low as $1.43 and as high as $5.36. On average, 2716410 shares of CIGX exchange hands on a given day and today's volume is recorded at 1444285. 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 $3.00 area where the stock may encounter resistance.
Shares of Banro Corporation (BAA) fell by 9.9% or $-0.40/share to $3.67. In the past year, the shares have traded as low as $1.55 and as high as $5.02. On average, 240470 shares of BAA exchange hands on a given day and today's volume is recorded at 377351. 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 $3.81 represents resistance and the 200-day moving average of $3.34 would be an area of support.
Shares of TTM Technologies Inc. (TTMI) fell by 21.72% or $-2.68/share to $9.66. In the past year, the shares have traded as low as $8.04 and as high as $19.64. On average, 938950 shares of TTMI exchange hands on a given day and today's volume is recorded at 952922. 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 $15.10 area but be careful because the stock may face selling pressure at this level.
