Among the most volatile stocks traded on August 22 were: Leap Wireless International Inc, Yelp, Inc, CUI Global, Inc, Arena Pharmaceuticals, Inc, and AVG Technologies N.V. 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 Leap Wireless International Inc. (LEAP) fell by 5.9% or $-0.38/share to $6.06. In the past year, the shares have traded as low as $4.28 and as high as $11.30. On average, 2217390 shares of LEAP exchange hands on a given day and today's volume is recorded at 1858240. 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 $7.63 represents resistance and the 50-day moving average of $5.83 would be an area of support.
Shares of Yelp, Inc. (YELP) fell by 6.42% or $-1.22/share to $17.78. In the past year, the shares have traded as low as $14.10 and as high as $31.96. On average, 659710 shares of YELP exchange hands on a given day and today's volume is recorded at 774379. 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 $22.07 area where the stock may encounter resistance.
Shares of CUI Global, Inc. (CUI) fell by 5.43% or $-0.37/share to $6.45. In the past year, the shares have traded as low as $2.52 and as high as $7.33. On average, 26160 shares of CUI exchange hands on a given day and today's volume is recorded at 36014. 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 $5.55 area where the stock will likely see buying pressure.
Shares of Arena Pharmaceuticals, Inc. (ARNA) traded higher by 7.19% or $0.58/share to $8.65. In the past year, the shares have traded as low as $1.23 and as high as $13.50. On average, 22529300 shares of ARNA exchange hands on a given day and today's volume is recorded at 11083494. 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 $9.28 represents resistance and the 200-day moving average of $4.28 would be an area of support.
Shares of AVG Technologies N.V. (AVG) fell by 2.59% or $-0.27/share to $10.16. In the past year, the shares have traded as low as $9.72 and as high as $15.49. On average, 178410 shares of AVG exchange hands on a given day and today's volume is recorded at 156338. 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 $11.58 area but be careful because the stock may face selling pressure at this level.
