Among the most volatile stocks traded on July 3 were: Education Management Corporation, Alexander & Baldwin, Inc, Corporate Executive Board Co, Qihoo 360 Technology Co. Ltd, and Mercer 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 Education Management Corporation (EDMC) fell by 9.37% or $-0.67/share to $6.51. In the past year, the shares have traded as low as $5.55 and as high as $29.92. On average, 304630 shares of EDMC exchange hands on a given day and today's volume is recorded at 117497. 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 Alexander & Baldwin, Inc. (ALEX) traded higher by 8.5% or $2.15/share to $27.45. In the past year, the shares have traded as low as $23.32 and as high as $53.71. On average, 284930 shares of ALEX exchange hands on a given day and today's volume is recorded at 198398. 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 $44.16 area where the stock may encounter resistance.
Shares of Corporate Executive Board Co. (EXBD) traded higher by 10.51% or $4.38/share to $46.01. In the past year, the shares have traded as low as $27.55 and as high as $45.00. On average, 258529 shares of EXBD exchange hands on a given day and today's volume is recorded at 249688. 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 $38.92 area where the stock will likely see buying pressure.
Shares of Qihoo 360 Technology Co. Ltd (QIHU) traded higher by 3.44% or $0.55/share to $16.55. In the past year, the shares have traded as low as $13.71 and as high as $26.35. On average, 1722830 shares of QIHU exchange hands on a given day and today's volume is recorded at 1733146. 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 $19.19 area where the stock may encounter resistance.
Shares of Mercer International Inc. (MERC) traded higher by 7.41% or $0.42/share to $6.09. In the past year, the shares have traded as low as $5.30 and as high as $11.34. On average, 142020 shares of MERC exchange hands on a given day and today's volume is recorded at 27219. 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 $6.27 area but be careful because the stock may face selling pressure at this level.
