Among the most volatile stocks traded on September 8 were: MGIC Investment Corp, Rubicon Technology, Inc, Radian Group Inc, Approach Resources, Inc, and Medivation, 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 MGIC Investment Corp. (MTG) fell by 3.82% or $-0.11/share to $2.77. In the past year, the shares have traded as low as $1.59 and as high as $11.79. On average, 8625420 shares of MTG exchange hands on a given day and today's volume is recorded at 2939584. 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 $3.83 area but be careful because the stock may face selling pressure at this level.
Shares of Rubicon Technology, Inc. (RBCN) traded higher by 2.95% or $0.39/share to $13.62. In the past year, the shares have traded as low as $10.76 and as high as $29.79. On average, 908360 shares of RBCN exchange hands on a given day and today's volume is recorded at 87713. 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 $14.39 area but be careful because the stock may face selling pressure at this level.
Shares of Radian Group Inc. (RDN) fell by 2.87% or $-0.10/share to $3.39. In the past year, the shares have traded as low as $1.95 and as high as $10.09. On average, 5073840 shares of RDN exchange hands on a given day and today's volume is recorded at 1292717. 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 $5.77 represents resistance and the 50-day moving average of $3.32 would be an area of support.
Shares of Approach Resources, Inc. (AREX) traded higher by 0.56% or $0.11/share to $19.67. In the past year, the shares have traded as low as $8.70 and as high as $34.93. On average, 730490 shares of AREX exchange hands on a given day and today's volume is recorded at 98340. 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 $21.95 area but be careful because the stock may face selling pressure at this level.
Shares of Medivation, Inc. (MDVN) traded higher by 0.37% or $0.07/share to $18.81. In the past year, the shares have traded as low as $9.86 and as high as $25.50. On average, 386680 shares of MDVN exchange hands on a given day and today's volume is recorded at 146168. 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 $19.03 represents resistance and the 200-day moving average of $18.36 would be an area of support.
