Among the most volatile stocks traded on August 18 were: Shinhan Financial Group Co. Ltd, Riverbed Technology, Inc, Aeroflex Holding Corp, Hampton Roads Bankshares Inc, and Informatica Corporation. 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 Shinhan Financial Group Co. Ltd. (SHG) fell by 4.6% or $-3.93/share to $81.49. In the past year, the shares have traded as low as $71.96 and as high as $101.34. On average, 52010 shares of SHG exchange hands on a given day and today's volume is recorded at 47360. 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 $89.03 area where the stock may encounter resistance.
Shares of Riverbed Technology, Inc. (RVBD) fell by 16.09% or $-3.92/share to $20.45. In the past year, the shares have traded as low as $17.36 and as high as $44.70. On average, 5401070 shares of RVBD exchange hands on a given day and today's volume is recorded at 4250224. 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 $33.01 area but be careful because the stock may face selling pressure at this level.
Shares of Aeroflex Holding Corp. (ARX) fell by 11.52% or $-1.14/share to $8.76. In the past year, the shares have traded as low as $9.59 and as high as $20.36. On average, 248480 shares of ARX exchange hands on a given day and today's volume is recorded at 129945. 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 $15.13 area but be careful because the stock may face selling pressure at this level.
Shares of Hampton Roads Bankshares Inc. (HMPR) fell by 9.35% or $-0.58/share to $5.62. In the past year, the shares have traded as low as $6.14 and as high as $34.76. On average, 131280 shares of HMPR exchange hands on a given day and today's volume is recorded at 14815. 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 $11.31 area but be careful because the stock may face selling pressure at this level.
Shares of Informatica Corporation (INFA) fell by 13.31% or $-6.11/share to $39.81. In the past year, the shares have traded as low as $30.85 and as high as $62.41. On average, 1536010 shares of INFA exchange hands on a given day and today's volume is recorded at 1476100. 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 $49.36 area where the stock may encounter resistance.
