Among the most volatile stocks traded on October 24 were: Radian Group Inc, MGIC Investment Corp, Fusion-io, Inc. Common Stock, InterMune Inc, and CB Richard Ellis 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 Radian Group Inc. (RDN) fell by 6.12% or $-0.15/share to $2.3. In the past year, the shares have traded as low as $1.80 and as high as $10.09. On average, 5362990 shares of RDN exchange hands on a given day and today's volume is recorded at 3403971. 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 $2.57 area but be careful because the stock may face selling pressure at this level.
Shares of MGIC Investment Corp. (MTG) fell by 8.7% or $-0.20/share to $2.1. In the past year, the shares have traded as low as $1.51 and as high as $11.79. On average, 8718640 shares of MTG exchange hands on a given day and today's volume is recorded at 7467399. 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 $2.23 area but be careful because the stock may face selling pressure at this level.
Shares of Fusion-io, Inc. Common Stock (FIO) traded higher by 15.65% or $4.14/share to $30.6. In the past year, the shares have traded as low as $14.90 and as high as $36.98. On average, 619100 shares of FIO exchange hands on a given day and today's volume is recorded at 775005. 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 $25.17 area.
Shares of InterMune Inc. (ITMN) traded higher by 7.64% or $1.70/share to $23.96. In the past year, the shares have traded as low as $12.45 and as high as $51.70. On average, 1261690 shares of ITMN exchange hands on a given day and today's volume is recorded at 1328595. 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 $34.80 represents resistance and the 50-day moving average of $23.49 would be an area of support.
Shares of CB Richard Ellis Group, Inc. (CBG) traded higher by 9.16% or $1.40/share to $16.69. In the past year, the shares have traded as low as $12.30 and as high as $29.88. On average, 6599760 shares of CBG exchange hands on a given day and today's volume is recorded at 2774907. 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 $22.21 represents resistance and the 50-day moving average of $14.49 would be an area of support.
