Among the most volatile stocks traded on August 1 were: Nordic American Tankers Limited, InterDigital, Inc, MasTec, Inc, RPX Corporation, and Radian Group 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 Nordic American Tankers Limited (NAT) fell by 3.16% or $-0.37/share to $11.33. In the past year, the shares have traded as low as $11.11 and as high as $19.72. On average, 393050 shares of NAT exchange hands on a given day and today's volume is recorded at 5713899. 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 $12.90 area but be careful because the stock may face selling pressure at this level.
Shares of InterDigital, Inc. (IDCC) traded higher by 15.86% or $4.33/share to $31.63. In the past year, the shares have traded as low as $22.29 and as high as $76.16. On average, 815540 shares of IDCC exchange hands on a given day and today's volume is recorded at 3650741. 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 $35.38 represents resistance and the 50-day moving average of $26.40 would be an area of support.
Shares of MasTec, Inc. (MTZ) fell by 1.69% or $-0.27/share to $15.69. In the past year, the shares have traded as low as $13.61 and as high as $22.72. On average, 862760 shares of MTZ exchange hands on a given day and today's volume is recorded at 4530675. 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 $15.79 area but be careful because the stock may face selling pressure at this level.
Shares of RPX Corporation (RPXC) fell by 20.08% or $-2.52/share to $10.03. In the past year, the shares have traded as low as $11.02 and as high as $27.22. On average, 214480 shares of RPXC exchange hands on a given day and today's volume is recorded at 1637984. 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 $13.81 area but be careful because the stock may face selling pressure at this level.
Shares of Radian Group Inc. (RDN) traded higher by 12.54% or $0.35/share to $3.15. In the past year, the shares have traded as low as $1.79 and as high as $4.67. On average, 3577490 shares of RDN exchange hands on a given day and today's volume is recorded at 5746251. 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 $2.93 area.
