Among the most volatile stocks traded on September 12 were: Colfax Corporation, Brady Corp, Tangoe, Inc, ExamWorks Group, Inc, and Central European Distribution Corp. 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 Colfax Corporation (CFX) fell by 10.76% or $-2.48/share to $20.56. In the past year, the shares have traded as low as $13.49 and as high as $28.75. On average, 215510 shares of CFX exchange hands on a given day and today's volume is recorded at 964482. 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 $21.74 area where the stock may encounter resistance.
Shares of Brady Corp. (BRC) traded higher by 2.01% or $0.52/share to $26.33. In the past year, the shares have traded as low as $24.44 and as high as $38.52. On average, 310440 shares of BRC exchange hands on a given day and today's volume is recorded at 147053. 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 $29.06 area but be careful because the stock may face selling pressure at this level.
Shares of Tangoe, Inc. (TNGO) fell by 8.5% or $-1.07/share to $11.52. In the past year, the shares have traded as low as $8.01 and as high as $14.12. On average, 230470 shares of TNGO exchange hands on a given day and today's volume is recorded at 21277. 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 $10.75 area.
Shares of ExamWorks Group, Inc. (EXAM) traded higher by 0.68% or $0.08/share to $11.79. In the past year, the shares have traded as low as $11.58 and as high as $26.48. On average, 436820 shares of EXAM exchange hands on a given day and today's volume is recorded at 67500. 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 $18.63 area but be careful because the stock may face selling pressure at this level.
Shares of Central European Distribution Corp. (CEDC) traded higher by 0.81% or $0.05/share to $6.13. In the past year, the shares have traded as low as $5.21 and as high as $28.08. On average, 2520420 shares of CEDC exchange hands on a given day and today's volume is recorded at 759669. 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 $8.30 area but be careful because the stock may face selling pressure at this level.
