Among the most volatile stocks traded on September 9 were: Fusion-io Inc, ABM Industries Inc, Tangoe, Inc, MGIC Investment Corp, and Exeter Resource Corporation. 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 Fusion-io Inc. (FIO) traded higher by 6.31% or $1.28/share to $21.55. In the past year, the shares have traded as low as $19.28 and as high as $36.98. On average, 971770 shares of FIO exchange hands on a given day and today's volume is recorded at 145318. 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 $27.09 area where the stock may encounter resistance.
Shares of ABM Industries Inc. (ABM) fell by 1.97% or $-0.39/share to $19.45. In the past year, the shares have traded as low as $17.29 and as high as $26.83. On average, 324040 shares of ABM exchange hands on a given day and today's volume is recorded at 241064. 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 $21.32 area but be careful because the stock may face selling pressure at this level.
Shares of Tangoe, Inc. (TNGO) fell by 1.85% or $-0.25/share to $13.2. In the past year, the shares have traded as low as $8.01 and as high as $14.11. On average, 231700 shares of TNGO exchange hands on a given day and today's volume is recorded at 40082. 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 $10.69 area.
Shares of MGIC Investment Corp. (MTG) fell by 6.67% or $-0.18/share to $2.52. In the past year, the shares have traded as low as $1.59 and as high as $11.79. On average, 8429610 shares of MTG exchange hands on a given day and today's volume is recorded at 2445362. 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 $3.77 area but be careful because the stock may face selling pressure at this level.
Shares of Exeter Resource Corporation (XRA) fell by 1.46% or $-0.08/share to $5.4. In the past year, the shares have traded as low as $3.88 and as high as $7.15. On average, 462490 shares of XRA exchange hands on a given day and today's volume is recorded at 383830. 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 $5.08 area.
