Among the most volatile stocks traded on July 31 were: Monolithic Power Systems Inc, Allot Communications Ltd, LogMeIn, Inc, General Cable Corp, and Wausau Paper Corp. 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 Monolithic Power Systems Inc. (MPWR) traded higher by 7.54% or $1.35/share to $19.25. In the past year, the shares have traded as low as $9.49 and as high as $22.40. On average, 367950 shares of MPWR exchange hands on a given day and today's volume is recorded at 1237430. 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 $19.14 area where the stock will likely see buying pressure.
Shares of Allot Communications Ltd. (ALLT) fell by 6.04% or $-1.49/share to $23.19. In the past year, the shares have traded as low as $9.38 and as high as $28.32. On average, 509790 shares of ALLT exchange hands on a given day and today's volume is recorded at 1032897. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $25.14 represents resistance and the 200-day moving average of $20.01 would be an area of support.
Shares of LogMeIn, Inc. (LOGM) fell by 13.9% or $-3.39/share to $21.0. In the past year, the shares have traded as low as $21.60 and as high as $44.60. On average, 310820 shares of LOGM exchange hands on a given day and today's volume is recorded at 1181003. 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 $30.77 area but be careful because the stock may face selling pressure at this level.
Shares of General Cable Corp. (BGC) fell by 0.87% or $-0.24/share to $27.33. In the past year, the shares have traded as low as $20.21 and as high as $40.75. On average, 713710 shares of BGC exchange hands on a given day and today's volume is recorded at 923181. 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 $28.10 represents resistance and the 50-day moving average of $26.92 would be an area of support.
Shares of Wausau Paper Corp. (WPP) fell by 7.09% or $-0.63/share to $8.31. In the past year, the shares have traded as low as $5.76 and as high as $9.91. On average, 278780 shares of WPP exchange hands on a given day and today's volume is recorded at 111178. 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 $8.76 area where the stock may encounter resistance.
