Among the most volatile stocks traded on July 19 were: New Oriental Education & Technology Group, TAL Education Group, OCZ Technology Group, Inc, Supernus Pharmaceuticals, Inc, and WESCO International 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 New Oriental Education & Technology Group (EDU) traded higher by 23.37% or $2.22/share to $11.72. In the past year, the shares have traded as low as $9.49 and as high as $34.77. On average, 2213760 shares of EDU exchange hands on a given day and today's volume is recorded at 30391707. 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 $25.49 area but be careful because the stock may face selling pressure at this level.
Shares of TAL Education Group (XRS) fell by 13.05% or $-1.15/share to $7.66. In the past year, the shares have traded as low as $8.41 and as high as $13.75. On average, 31840 shares of XRS exchange hands on a given day and today's volume is recorded at 638039. 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 $10.47 area but be careful because the stock may face selling pressure at this level.
Shares of OCZ Technology Group, Inc. (OCZ) traded higher by 21.71% or $0.99/share to $5.55. In the past year, the shares have traded as low as $4.14 and as high as $10.19. On average, 2416320 shares of OCZ exchange hands on a given day and today's volume is recorded at 6942680. 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 $6.76 represents resistance and the 50-day moving average of $5.13 would be an area of support.
Shares of Supernus Pharmaceuticals, Inc. (SUPN) traded higher by 13.05% or $1.91/share to $16.55. In the past year, the shares have traded as low as $4.30 and as high as $15.20. On average, 206250 shares of SUPN exchange hands on a given day and today's volume is recorded at 387301. 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 $7.34 area where the stock will likely see buying pressure.
Shares of WESCO International Inc. (WCC) fell by 3.4% or $-1.94/share to $55.06. In the past year, the shares have traded as low as $31.08 and as high as $68.19. On average, 724130 shares of WCC exchange hands on a given day and today's volume is recorded at 1329124. 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 $56.93 area where the stock may encounter resistance.
