Among the most volatile stocks traded on September 1 were: Liquidity Services, Inc, Neoprobe Corp, Clearwire Corporation, Blue Coat Systems Inc, and Endologix 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 Liquidity Services, Inc. (LQDT) traded higher by 28.21% or $6.77/share to $30.77. In the past year, the shares have traded as low as $12.58 and as high as $28.58. On average, 220380 shares of LQDT exchange hands on a given day and today's volume is recorded at 1016032. 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 $23.97 area where the stock will likely see buying pressure.
Shares of Neoprobe Corp. (NEOP) fell by 5.34% or $-0.18/share to $3.19. In the past year, the shares have traded as low as $1.50 and as high as $5.48. On average, 1405520 shares of NEOP exchange hands on a given day and today's volume is recorded at 296392. 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 $3.30 represents resistance and the 50-day moving average of $3.01 would be an area of support.
Shares of Clearwire Corporation (CLWR) fell by 2.8% or $-0.09/share to $3.12. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6872160 shares of CLWR exchange hands on a given day and today's volume is recorded at 5582456. 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 $4.72 represents resistance and the 50-day moving average of $2.92 would be an area of support.
Shares of Blue Coat Systems Inc. (BCSI) traded higher by 8.04% or $1.18/share to $15.86. In the past year, the shares have traded as low as $12.25 and as high as $32.22. On average, 844740 shares of BCSI exchange hands on a given day and today's volume is recorded at 1126662. 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 $18.88 area but be careful because the stock may face selling pressure at this level.
Shares of Endologix Inc. (ELGX) fell by 0.11% or $-0.01/share to $9.51. In the past year, the shares have traded as low as $4.01 and as high as $9.81. On average, 647740 shares of ELGX exchange hands on a given day and today's volume is recorded at 202943. 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 $9.05 area where the stock will likely see buying pressure.
