Among the most volatile stocks traded on October 18 were: New Oriental Education & Technology Group, Focus Media Holding Ltd, American Public Education, Inc, Abraxas Petroleum Corp, and Radian Group 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 New Oriental Education & Technology Group (EDU) fell by 13.23% or $-3.97/share to $26.04. In the past year, the shares have traded as low as $20.61 and as high as $34.77. On average, 1957190 shares of EDU exchange hands on a given day and today's volume is recorded at 4546963. 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 $27.55 area where the stock may encounter resistance.
Shares of Focus Media Holding Ltd. (FMCN) fell by 3.98% or $-0.99/share to $23.91. In the past year, the shares have traded as low as $15.76 and as high as $37.58. On average, 3113620 shares of FMCN exchange hands on a given day and today's volume is recorded at 1981283. 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 $27.66 area but be careful because the stock may face selling pressure at this level.
Shares of American Public Education, Inc. (APEI) fell by 11.89% or $-4.49/share to $33.27. In the past year, the shares have traded as low as $26.15 and as high as $49.29. On average, 179020 shares of APEI exchange hands on a given day and today's volume is recorded at 398905. 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 $38.04 area but be careful because the stock may face selling pressure at this level.
Shares of Abraxas Petroleum Corp. (AXAS) traded higher by 5.11% or $0.19/share to $3.83. In the past year, the shares have traded as low as $1.86 and as high as $6.17. On average, 2038090 shares of AXAS exchange hands on a given day and today's volume is recorded at 589531. 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 $4.22 represents resistance and the 50-day moving average of $3.23 would be an area of support.
Shares of Radian Group Inc. (RDN) traded higher by 4.8% or $0.11/share to $2.4. In the past year, the shares have traded as low as $1.80 and as high as $10.09. On average, 5358460 shares of RDN exchange hands on a given day and today's volume is recorded at 1271446. 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 $2.56 area but be careful because the stock may face selling pressure at this level.
