Among the most volatile stocks traded on September 16 were: Tangoe, Inc, Quantum Corporation, Grupo Prisa SA, Endocyte, Inc, and Stein Mart 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 Tangoe, Inc. (TNGO) fell by 2.78% or $-0.38/share to $13.27. In the past year, the shares have traded as low as $8.01 and as high as $14.12. On average, 214800 shares of TNGO exchange hands on a given day and today's volume is recorded at 24067. 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 $11.01 area.
Shares of Quantum Corporation (QTM) fell by 2.84% or $-0.06/share to $2.05. In the past year, the shares have traded as low as $1.54 and as high as $4.45. On average, 2622880 shares of QTM exchange hands on a given day and today's volume is recorded at 432626. 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 $2.35 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Prisa SA (PRIS) traded higher by 6.86% or $0.31/share to $4.83. In the past year, the shares have traded as low as $4.37 and as high as $13.11. On average, 38780 shares of PRIS exchange hands on a given day and today's volume is recorded at 13600. 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 $6.88 area but be careful because the stock may face selling pressure at this level.
Shares of Endocyte, Inc. (ECYT) fell by 0.08% or $-0.01/share to $11.93. In the past year, the shares have traded as low as $6.15 and as high as $14.80. On average, 219680 shares of ECYT exchange hands on a given day and today's volume is recorded at 36656. 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 $11.68 area where the stock will likely see buying pressure.
Shares of Stein Mart Inc. (SMRT) traded higher by 1.54% or $0.11/share to $7.26. In the past year, the shares have traded as low as $6.01 and as high as $10.95. On average, 206230 shares of SMRT exchange hands on a given day and today's volume is recorded at 114033. 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 $8.13 area but be careful because the stock may face selling pressure at this level.
