Among the most volatile stocks traded on July 31 were: Multimedia Games Inc, LPL Investment Holdings Inc, Bruker Corporation, Virtusa Corp, and Clovis Oncology, 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 Multimedia Games Inc. (MGAM) fell by 6.91% or $-1.04/share to $14.02. In the past year, the shares have traded as low as $3.87 and as high as $16.13. On average, 274490 shares of MGAM exchange hands on a given day and today's volume is recorded at 758892. 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 $13.89 area where the stock will likely see buying pressure.
Shares of LPL Investment Holdings Inc. (LPLA) fell by 12.39% or $-3.97/share to $28.08. In the past year, the shares have traded as low as $23.04 and as high as $38.94. On average, 555140 shares of LPLA exchange hands on a given day and today's volume is recorded at 1459892. 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 $32.58 area where the stock may encounter resistance.
Shares of Bruker Corporation (BRKR) fell by 0.17% or $-0.02/share to $11.52. In the past year, the shares have traded as low as $9.91 and as high as $17.54. On average, 600290 shares of BRKR exchange hands on a given day and today's volume is recorded at 516087. 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 $13.92 area but be careful because the stock may face selling pressure at this level.
Shares of Virtusa Corp. (VRTU) traded higher by 20.77% or $2.64/share to $15.35. In the past year, the shares have traded as low as $11.23 and as high as $19.91. On average, 77700 shares of VRTU exchange hands on a given day and today's volume is recorded at 85692. 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 $14.95 area.
Shares of Clovis Oncology, Inc. (CLVS) traded higher by 0.9% or $0.16/share to $17.86. In the past year, the shares have traded as low as $11.45 and as high as $27.55. On average, 75450 shares of CLVS exchange hands on a given day and today's volume is recorded at 11520. 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 $18.99 area where the stock may encounter resistance.
