Among the most volatile stocks traded on December 8 were: Groupon, Inc, Radian Group Inc, Conceptus, Inc, Pilgrim's Corp, and MGIC Investment Corp. 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 Groupon, Inc. (GRPN) traded higher by 4.57% or $0.97/share to $22.12. In the past year, the shares have traded as low as $14.85 and as high as $31.15. On average, 5299550 shares of GRPN exchange hands on a given day and today's volume is recorded at 830272. 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 $21.58 area.
Shares of Radian Group Inc. (RDN) traded higher by 2.73% or $0.07/share to $2.63. In the past year, the shares have traded as low as $1.80 and as high as $9.70. On average, 5454230 shares of RDN exchange hands on a given day and today's volume is recorded at 2914147. 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 $4.05 represents resistance and the 50-day moving average of $2.43 would be an area of support.
Shares of Conceptus, Inc. (CPTS) fell by 2.21% or $-0.27/share to $11.93. In the past year, the shares have traded as low as $9.68 and as high as $15.70. On average, 201230 shares of CPTS exchange hands on a given day and today's volume is recorded at 303360. 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 $12.09 represents resistance and the 50-day moving average of $11.09 would be an area of support.
Shares of Pilgrim's Corp. (PPC) fell by 7.89% or $-0.49/share to $5.72. In the past year, the shares have traded as low as $2.91 and as high as $8.61. On average, 767730 shares of PPC exchange hands on a given day and today's volume is recorded at 667614. 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 $5.19 area.
Shares of MGIC Investment Corp. (MTG) traded higher by 4.44% or $0.16/share to $3.76. In the past year, the shares have traded as low as $1.51 and as high as $11.79. On average, 7428300 shares of MTG exchange hands on a given day and today's volume is recorded at 3908686. 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 $5.21 represents resistance and the 50-day moving average of $2.57 would be an area of support.
