Among the most volatile stocks traded on August 8 were: Hillenbrand, Inc, ICF International Inc, Sun Hydraulics Corp, Encore Wire Corp, and H&E Equipment Services 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 Hillenbrand, Inc. (HI) fell by 2.93% or $-0.59/share to $19.56. In the past year, the shares have traded as low as $18.31 and as high as $24.20. On average, 319680 shares of HI exchange hands on a given day and today's volume is recorded at 124359. 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 $21.50 area where the stock may encounter resistance.
Shares of ICF International Inc. (ICFI) traded higher by 0.72% or $0.17/share to $23.81. In the past year, the shares have traded as low as $19.58 and as high as $28.13. On average, 92500 shares of ICFI exchange hands on a given day and today's volume is recorded at 41867. 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 $24.53 area where the stock may encounter resistance.
Shares of Sun Hydraulics Corp. (SNHY) fell by 5.98% or $-1.51/share to $23.74. In the past year, the shares have traded as low as $14.51 and as high as $36.12. On average, 94080 shares of SNHY exchange hands on a given day and today's volume is recorded at 31292. 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 $26.74 area where the stock may encounter resistance.
Shares of Encore Wire Corp. (WIRE) fell by 0.5% or $-0.11/share to $21.75. In the past year, the shares have traded as low as $17.92 and as high as $28.48. On average, 114340 shares of WIRE exchange hands on a given day and today's volume is recorded at 41958. 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 $23.73 area where the stock may encounter resistance.
Shares of H&E Equipment Services Inc. (HEES) fell by 3.25% or $-0.33/share to $9.81. In the past year, the shares have traded as low as $6.60 and as high as $20.40. On average, 151410 shares of HEES exchange hands on a given day and today's volume is recorded at 38084. 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 $12.96 area but be careful because the stock may face selling pressure at this level.
