Among the most volatile stocks traded on September 12 were: Questcor Pharmaceuticals, Inc, MGIC Investment Corp, Pendrell Corporation, Radian Group Inc, and Netspend Holdings, 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 Questcor Pharmaceuticals, Inc. (QCOR) fell by 13.21% or $-3.92/share to $25.75. In the past year, the shares have traded as low as $9.33 and as high as $32.78. On average, 1210480 shares of QCOR exchange hands on a given day and today's volume is recorded at 1915788. 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 $28.57 represents resistance and the 200-day moving average of $20.07 would be an area of support.
Shares of MGIC Investment Corp. (MTG) remained unchanged at $2.37. In the past year, the shares have traded as low as $1.59 and as high as $11.79. On average, 8387490 shares of MTG exchange hands on a given day and today's volume is recorded at 3198101. 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 $3.70 area but be careful because the stock may face selling pressure at this level.
Shares of Pendrell Corporation (PCO) traded higher by 1.44% or $0.03/share to $2.12. In the past year, the shares have traded as low as $1.21 and as high as $3.26. On average, 626750 shares of PCO exchange hands on a given day and today's volume is recorded at 26387. 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 $2.34 area where the stock may encounter resistance.
Shares of Radian Group Inc. (RDN) traded higher by 0.7% or $0.02/share to $2.86. In the past year, the shares have traded as low as $1.95 and as high as $10.09. On average, 5019460 shares of RDN exchange hands on a given day and today's volume is recorded at 1394953. 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 $3.28 area but be careful because the stock may face selling pressure at this level.
Shares of Netspend Holdings, Inc. (NTSP) traded higher by 9.73% or $0.50/share to $5.64. In the past year, the shares have traded as low as $3.90 and as high as $16.21. On average, 515840 shares of NTSP exchange hands on a given day and today's volume is recorded at 118096. 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 $6.77 area but be careful because the stock may face selling pressure at this level.
