Among the most volatile stocks traded on August 22 were: Xyratex Ltd, Qihoo 360 Technology Co. Ltd, Seneca Foods Corp, La-Z-Boy Inc, and eLong 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 Xyratex Ltd. (XRTX) fell by 1.75% or $-0.22/share to $12.37. In the past year, the shares have traded as low as $7.44 and as high as $17.75. On average, 401230 shares of XRTX exchange hands on a given day and today's volume is recorded at 118535. 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 $13.80 represents resistance and the 50-day moving average of $11.55 would be an area of support.
Shares of Qihoo 360 Technology Co. Ltd (QIHU) traded higher by 10.71% or $2.26/share to $23.36. In the past year, the shares have traded as low as $13.71 and as high as $26.35. On average, 1329270 shares of QIHU exchange hands on a given day and today's volume is recorded at 8516711. 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 $18.92 area.
Shares of Seneca Foods Corp. (SENEA) fell by 0.79% or $-0.22/share to $27.58. In the past year, the shares have traded as low as $18.13 and as high as $29.78. On average, 25740 shares of SENEA exchange hands on a given day and today's volume is recorded at 15987. 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 $26.22 area where the stock will likely see buying pressure.
Shares of La-Z-Boy Inc. (LZB) fell by 1.33% or $-0.18/share to $13.32. In the past year, the shares have traded as low as $6.76 and as high as $16.43. On average, 548430 shares of LZB exchange hands on a given day and today's volume is recorded at 704875. 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 $13.07 area.
Shares of eLong Inc. (LONG) fell by 5.58% or $-0.89/share to $15.06. In the past year, the shares have traded as low as $10.51 and as high as $19.42. On average, 29200 shares of LONG exchange hands on a given day and today's volume is recorded at 45416. 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 $14.18 area.
