Among the most volatile stocks traded on August 22 were: Crown Media Holdings Inc, Wet Seal Inc, Box Ships Inc. Common Shares, Libbey Inc, and Tangoe, 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 Crown Media Holdings Inc. (CRWN) fell by 1.65% or $-0.02/share to $1.19. In the past year, the shares have traded as low as $1.20 and as high as $3.89. On average, 124620 shares of CRWN exchange hands on a given day and today's volume is recorded at 103600. 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 $1.70 area but be careful because the stock may face selling pressure at this level.
Shares of Wet Seal Inc. (WTSLA) traded higher by 10.0% or $0.40/share to $4.4. In the past year, the shares have traded as low as $2.77 and as high as $5.15. On average, 1820400 shares of WTSLA exchange hands on a given day and today's volume is recorded at 4181600. 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 $4.59 represents resistance and the 200-day moving average of $4.07 would be an area of support.
Shares of Box Ships Inc. Common Shares (TEU) fell by 7.65% or $-0.64/share to $7.73. In the past year, the shares have traded as low as $8.13 and as high as $11.80. On average, 125400 shares of TEU exchange hands on a given day and today's volume is recorded at 169700. 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 $9.75 area but be careful because the stock may face selling pressure at this level.
Shares of Libbey Inc. (LBY) fell by 2.9% or $-0.34/share to $11.38. In the past year, the shares have traded as low as $10.30 and as high as $18.42. On average, 87970 shares of LBY exchange hands on a given day and today's volume is recorded at 85900. 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 $14.97 area but be careful because the stock may face selling pressure at this level.
Shares of Tangoe, Inc. (TNGO) traded higher by 3.47% or $0.35/share to $10.44. In the past year, the shares have traded as low as $8.01 and as high as $12.77. On average, 341340 shares of TNGO exchange hands on a given day and today's volume is recorded at 82300. 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 $10.39 area.
