Among the most volatile stocks traded on July 18 were: New Oriental Education & Technology Group, Rovi Corporation, Harte-Hanks Inc, AAR Corp, and Lexicon Pharmaceuticals, 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) fell by 19.53% or $-2.86/share to $11.77. In the past year, the shares have traded as low as $13.88 and as high as $34.78. On average, 1553440 shares of EDU exchange hands on a given day and today's volume is recorded at 35375396. 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 $25.89 area but be careful because the stock may face selling pressure at this level.
Shares of Rovi Corporation (ROVI) fell by 41.19% or $-7.27/share to $10.38. In the past year, the shares have traded as low as $17.20 and as high as $58.74. On average, 1172970 shares of ROVI exchange hands on a given day and today's volume is recorded at 24178760. 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 $22.27 area but be careful because the stock may face selling pressure at this level.
Shares of Harte-Hanks Inc. (HHS) fell by 15.35% or $-1.42/share to $7.83. In the past year, the shares have traded as low as $6.73 and as high as $10.04. On average, 120360 shares of HHS exchange hands on a given day and today's volume is recorded at 858997. 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 $8.64 area but be careful because the stock may face selling pressure at this level.
Shares of AAR Corp. (AIR) traded higher by 11.84% or $1.50/share to $14.17. In the past year, the shares have traded as low as $10.00 and as high as $31.26. On average, 502760 shares of AIR exchange hands on a given day and today's volume is recorded at 673031. 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 $17.50 represents resistance and the 50-day moving average of $12.75 would be an area of support.
Shares of Lexicon Pharmaceuticals, Inc. (LXRX) fell by 8.19% or $-0.26/share to $2.92. In the past year, the shares have traded as low as $0.81 and as high as $3.29. On average, 1219880 shares of LXRX exchange hands on a given day and today's volume is recorded at 1925866. 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 $1.96 area where the stock will likely see buying pressure.
