Among the most volatile stocks traded on August 22 were: Clearwire Corporation, Approach Resources, Inc, Hercules Offshore, Inc, E-House (China) Holdings Limited, and Youku.com 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 Clearwire Corporation (CLWR) traded higher by 1.64% or $0.05/share to $3.06. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6865290 shares of CLWR exchange hands on a given day and today's volume is recorded at 4282207. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $4.86 represents resistance and the 50-day moving average of $3.05 would be an area of support.
Shares of Approach Resources, Inc. (AREX) fell by 1.85% or $-0.31/share to $16.42. In the past year, the shares have traded as low as $7.21 and as high as $34.93. On average, 703940 shares of AREX exchange hands on a given day and today's volume is recorded at 159196. 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 $22.71 area but be careful because the stock may face selling pressure at this level.
Shares of Hercules Offshore, Inc. (HERO) fell by 2.11% or $-0.07/share to $3.24. In the past year, the shares have traded as low as $2.05 and as high as $6.99. On average, 3736460 shares of HERO exchange hands on a given day and today's volume is recorded at 1008069. 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 $4.57 area where the stock may encounter resistance.
Shares of E-House (China) Holdings Limited (EJ) traded higher by 14.56% or $0.90/share to $7.08. In the past year, the shares have traded as low as $5.52 and as high as $19.73. On average, 486070 shares of EJ exchange hands on a given day and today's volume is recorded at 197330. 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 $7.93 area but be careful because the stock may face selling pressure at this level.
Shares of Youku.com Inc (YOKU) fell by 0.9% or $-0.21/share to $23.05. In the past year, the shares have traded as low as $19.78 and as high as $69.95. On average, 4983440 shares of YOKU exchange hands on a given day and today's volume is recorded at 1435032. 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 $31.19 area but be careful because the stock may face selling pressure at this level.
