Among the most volatile stocks traded on February 28 were: Cablevision Systems Corporation, Amedisys Inc, Chart Industries Inc, United Fire & Casualty Company, and magicJack VocalTec Ltd. 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 Cablevision Systems Corporation (CVC) fell by 6.07% or $-0.95/share to $14.69. In the past year, the shares have traded as low as $11.57 and as high as $27.11. On average, 3535920 shares of CVC exchange hands on a given day and today's volume is recorded at 8519943. 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 $18.27 represents resistance and the 50-day moving average of $14.53 would be an area of support.
Shares of Amedisys Inc. (AMED) fell by 2.94% or $-0.38/share to $12.55. In the past year, the shares have traded as low as $9.12 and as high as $37.24. On average, 579970 shares of AMED exchange hands on a given day and today's volume is recorded at 1313309. 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 $17.07 represents resistance and the 50-day moving average of $10.82 would be an area of support.
Shares of Chart Industries Inc. (GTLS) traded higher by 3.32% or $2.17/share to $67.55. In the past year, the shares have traded as low as $35.75 and as high as $68.44. On average, 433670 shares of GTLS exchange hands on a given day and today's volume is recorded at 800184. 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 $58.26 area where the stock will likely see buying pressure.
Shares of United Fire & Casualty Company (UFCS) traded higher by 0.67% or $0.14/share to $21.01. In the past year, the shares have traded as low as $14.55 and as high as $21.43. On average, 52820 shares of UFCS exchange hands on a given day and today's volume is recorded at 34259. 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 $20.01 area where the stock will likely see buying pressure.
Shares of magicJack VocalTec Ltd. (CALL) traded higher by 7.63% or $1.41/share to $19.9. In the past year, the shares have traded as low as $9.50 and as high as $20.62. On average, 280510 shares of CALL exchange hands on a given day and today's volume is recorded at 170444. 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 $15.75 area where the stock will likely see buying pressure.
