Among the most volatile stocks traded on August 5 were: AsiaInfo-Linkage,Inc, Taleo Corp, Terra Nitrogen Company, L.P, Emeritus Corp, and Halozyme Therapeutics, 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 AsiaInfo-Linkage,Inc. (ASIA) fell by 15.8% or $-2.04/share to $10.87. In the past year, the shares have traded as low as $12.51 and as high as $24.50. On average, 980390 shares of ASIA exchange hands on a given day and today's volume is recorded at 964441. 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 $15.44 area but be careful because the stock may face selling pressure at this level.
Shares of Taleo Corp. (TLEO) fell by 15.79% or $-4.83/share to $25.75. In the past year, the shares have traded as low as $23.23 and as high as $38.28. On average, 353490 shares of TLEO exchange hands on a given day and today's volume is recorded at 1191259. 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 $32.95 area where the stock may encounter resistance.
Shares of Terra Nitrogen Company, L.P. (TNH) fell by 4.66% or $-7.06/share to $144.39. In the past year, the shares have traded as low as $77.13 and as high as $167.84. On average, 62860 shares of TNH exchange hands on a given day and today's volume is recorded at 121304. 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 $138.56 area where the stock will likely see buying pressure.
Shares of Emeritus Corp. (ESC) fell by 10.17% or $-1.85/share to $16.34. In the past year, the shares have traded as low as $15.20 and as high as $26.35. On average, 171060 shares of ESC exchange hands on a given day and today's volume is recorded at 92788. 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 $20.69 area but be careful because the stock may face selling pressure at this level.
Shares of Halozyme Therapeutics, Inc. (HALO) traded higher by 3.27% or $0.19/share to $6.0. In the past year, the shares have traded as low as $5.74 and as high as $8.31. On average, 370910 shares of HALO exchange hands on a given day and today's volume is recorded at 156057. 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 $6.72 area but be careful because the stock may face selling pressure at this level.
