Among the most volatile stocks traded on July 2 were: Liquidity Services, Inc, Schiff Nutrition International Inc, MEMC Electronic Materials Inc, Alexander & Baldwin, Inc, and Education Management Corporation. 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 Liquidity Services, Inc. (LQDT) fell by 19.99% or $-10.23/share to $40.95. In the past year, the shares have traded as low as $19.89 and as high as $66.57. On average, 647730 shares of LQDT exchange hands on a given day and today's volume is recorded at 2060480. 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 $42.82 area where the stock may encounter resistance.
Shares of Schiff Nutrition International Inc. (SHF) fell by 3.51% or $-0.63/share to $17.32. In the past year, the shares have traded as low as $8.68 and as high as $18.80. On average, 67170 shares of SHF exchange hands on a given day and today's volume is recorded at 23821. 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 $16.55 area where the stock will likely see buying pressure.
Shares of MEMC Electronic Materials Inc. (WFR) traded higher by 16.59% or $0.36/share to $2.53. In the past year, the shares have traded as low as $1.44 and as high as $8.64. On average, 7362360 shares of WFR exchange hands on a given day and today's volume is recorded at 8725283. 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 $4.03 represents resistance and the 50-day moving average of $2.32 would be an area of support.
Shares of Alexander & Baldwin, Inc. (ALEX) fell by 54.8% or $-29.18/share to $24.07. In the past year, the shares have traded as low as $32.48 and as high as $53.72. On average, 284420 shares of ALEX exchange hands on a given day and today's volume is recorded at 144069. 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 $44.32 area where the stock may encounter resistance.
Shares of Education Management Corporation (EDMC) traded higher by 2.01% or $0.14/share to $7.09. In the past year, the shares have traded as low as $5.55 and as high as $29.90. On average, 303210 shares of EDMC exchange hands on a given day and today's volume is recorded at 188218. 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 $8.78 area but be careful because the stock may face selling pressure at this level.
