Among the most volatile stocks traded on August 10 were: Sagent Pharmaceuticals, Inc, Ironwood Pharmaceuticals Inc, ShoreTel, Inc, FX Energy Inc, and Pegasystems 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 Sagent Pharmaceuticals, Inc. (SGNT) fell by 16.71% or $-2.85/share to $14.21. In the past year, the shares have traded as low as $15.00 and as high as $29.23. On average, 90090 shares of SGNT exchange hands on a given day and today's volume is recorded at 110933. 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 $24.58 area where the stock may encounter resistance.
Shares of Ironwood Pharmaceuticals Inc. (IRWD) fell by 6.96% or $-0.88/share to $11.76. In the past year, the shares have traded as low as $8.90 and as high as $16.50. On average, 315120 shares of IRWD exchange hands on a given day and today's volume is recorded at 56459. 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 $13.09 area where the stock may encounter resistance.
Shares of ShoreTel, Inc. (SHOR) fell by 12.29% or $-0.96/share to $6.85. In the past year, the shares have traded as low as $4.40 and as high as $12.00. On average, 363610 shares of SHOR exchange hands on a given day and today's volume is recorded at 248151. 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 $8.51 area where the stock may encounter resistance.
Shares of FX Energy Inc. (FXEN) fell by 13.34% or $-0.91/share to $5.91. In the past year, the shares have traded as low as $2.89 and as high as $12.20. On average, 443800 shares of FXEN exchange hands on a given day and today's volume is recorded at 489091. 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 $7.87 area where the stock may encounter resistance.
Shares of Pegasystems Inc. (PEGA) traded higher by 20.83% or $7.42/share to $43.05. In the past year, the shares have traded as low as $20.29 and as high as $47.55. On average, 228840 shares of PEGA exchange hands on a given day and today's volume is recorded at 581467. 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 $40.99 area where the stock will likely see buying pressure.
