Among the most volatile stocks traded on July 4 were: Education Management Corporation, Orexigen Therapeutics, Inc, NGL Energy Partners LP, Pzena Investment Management, Inc, and Velti Plc. 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 Education Management Corporation (EDMC) fell by 6.96% or $-0.50/share to $6.68. In the past year, the shares have traded as low as $5.55 and as high as $29.90. On average, 304630 shares of EDMC exchange hands on a given day and today's volume is recorded at 357837. 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 $8.59 area but be careful because the stock may face selling pressure at this level.
Shares of Orexigen Therapeutics, Inc. (OREX) traded higher by 8.63% or $0.46/share to $5.78. In the past year, the shares have traded as low as $1.22 and as high as $6.55. On average, 2235860 shares of OREX exchange hands on a given day and today's volume is recorded at 3286130. 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 $3.78 area where the stock will likely see buying pressure.
Shares of NGL Energy Partners LP (NGL) traded higher by 7.64% or $1.69/share to $23.8. In the past year, the shares have traded as low as $17.16 and as high as $27.16. On average, 14600 shares of NGL exchange hands on a given day and today's volume is recorded at 13920. 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 $22.28 area where the stock will likely see buying pressure.
Shares of Pzena Investment Management, Inc (PZN) traded higher by 11.65% or $0.53/share to $5.08. In the past year, the shares have traded as low as $3.03 and as high as $7.35. On average, 31580 shares of PZN exchange hands on a given day and today's volume is recorded at 14073. 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 $4.69 area where the stock will likely see buying pressure.
Shares of Velti Plc (VELT) traded higher by 6.72% or $0.42/share to $6.67. In the past year, the shares have traded as low as $5.61 and as high as $20.00. On average, 1405450 shares of VELT exchange hands on a given day and today's volume is recorded at 505023. 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 $8.01 area but be careful because the stock may face selling pressure at this level.
