Among the most volatile stocks traded on April 4 were: Tangoe, Inc, Mitcham Industries Inc, E-Commerce China Dangdang Inc, VOXX International Corporation, and Viasystems 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 Tangoe, Inc. (TNGO) fell by 5.81% or $-1.11/share to $18.01. In the past year, the shares have traded as low as $8.01 and as high as $20.05. On average, 489600 shares of TNGO exchange hands on a given day and today's volume is recorded at 653633. 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 $17.43 area where the stock will likely see buying pressure.
Shares of Mitcham Industries Inc. (MIND) fell by 0.99% or $-0.24/share to $24.08. In the past year, the shares have traded as low as $9.52 and as high as $26.76. On average, 233870 shares of MIND exchange hands on a given day and today's volume is recorded at 687235. 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 $22.80 area where the stock will likely see buying pressure.
Shares of E-Commerce China Dangdang Inc. (DANG) traded higher by 3.92% or $0.34/share to $9.01. In the past year, the shares have traded as low as $4.11 and as high as $26.40. On average, 3008760 shares of DANG exchange hands on a given day and today's volume is recorded at 1710931. 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 $7.25 area.
Shares of VOXX International Corporation (VOXX) fell by 8.21% or $-1.13/share to $12.64. In the past year, the shares have traded as low as $4.69 and as high as $14.56. On average, 249610 shares of VOXX exchange hands on a given day and today's volume is recorded at 161330. 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 $13.32 represents resistance and the 200-day moving average of $8.72 would be an area of support.
Shares of Viasystems Group Inc. (VIAS) traded higher by 6.12% or $1.18/share to $20.45. In the past year, the shares have traded as low as $13.75 and as high as $27.20. On average, 11520 shares of VIAS exchange hands on a given day and today's volume is recorded at 30254. 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 $18.86 area.
