Among the most volatile stocks traded on July 19 were: Ignite Restaurant Group, Inc, NVR Inc, TCF Financial Corporation, MGIC Investment Corp, and Magellan Health Services 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 Ignite Restaurant Group, Inc. (IRG) fell by 22.14% or $-4.22/share to $14.84. In the past year, the shares have traded as low as $16.50 and as high as $19.87. On average, 246430 shares of IRG exchange hands on a given day and today's volume is recorded at 1277446. 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 $18.22 area but be careful because the stock may face selling pressure at this level.
Shares of NVR Inc. (NVR) fell by 11.73% or $-101.64/share to $764.82. In the past year, the shares have traded as low as $554.70 and as high as $880.01. On average, 38400 shares of NVR exchange hands on a given day and today's volume is recorded at 113986. 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 $813.64 represents resistance and the 200-day moving average of $724.40 would be an area of support.
Shares of TCF Financial Corporation (TCB) fell by 9.98% or $-1.14/share to $10.28. In the past year, the shares have traded as low as $8.49 and as high as $13.21. On average, 2146230 shares of TCB exchange hands on a given day and today's volume is recorded at 5401785. 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 $10.91 area where the stock may encounter resistance.
Shares of MGIC Investment Corp. (MTG) fell by 7.36% or $-0.19/share to $2.39. In the past year, the shares have traded as low as $1.51 and as high as $5.15. On average, 4637880 shares of MTG exchange hands on a given day and today's volume is recorded at 2186092. 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 $2.60 area but be careful because the stock may face selling pressure at this level.
Shares of Magellan Health Services Inc. (MGLN) traded higher by 9.09% or $4.25/share to $51.01. In the past year, the shares have traded as low as $40.24 and as high as $56.60. On average, 179300 shares of MGLN exchange hands on a given day and today's volume is recorded at 1223805. 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 $47.47 area.
