Among the most volatile stocks traded on August 22 were: Ellie Mae, Inc. Common Stock, Shenandoah Telecommunications Co, Symmetry Medical, Inc, Trina Solar Limited, and Titan Machinery, 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 Ellie Mae, Inc. Common Stock (ELLI) traded higher by 6.43% or $1.54/share to $25.48. In the past year, the shares have traded as low as $3.46 and as high as $29.16. On average, 500230 shares of ELLI exchange hands on a given day and today's volume is recorded at 935454. 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 $20.25 area where the stock will likely see buying pressure.
Shares of Shenandoah Telecommunications Co. (SHEN) fell by 5.19% or $-0.84/share to $15.33. In the past year, the shares have traded as low as $9.01 and as high as $17.15. On average, 69230 shares of SHEN exchange hands on a given day and today's volume is recorded at 32527. 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 $14.66 area where the stock will likely see buying pressure.
Shares of Symmetry Medical, Inc. (SMA) fell by 4.08% or $-0.38/share to $8.93. In the past year, the shares have traded as low as $6.41 and as high as $9.49. On average, 189450 shares of SMA exchange hands on a given day and today's volume is recorded at 562796. 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 $8.39 area where the stock will likely see buying pressure.
Shares of Trina Solar Limited (TSL) fell by 2.12% or $-0.11/share to $5.07. In the past year, the shares have traded as low as $4.12 and as high as $16.78. On average, 1747720 shares of TSL exchange hands on a given day and today's volume is recorded at 1455355. 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 $5.69 area but be careful because the stock may face selling pressure at this level.
Shares of Titan Machinery, Inc. (TITN) fell by 5.05% or $-1.32/share to $24.8. In the past year, the shares have traded as low as $15.58 and as high as $36.92. On average, 462490 shares of TITN exchange hands on a given day and today's volume is recorded at 764112. 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 $27.21 area where the stock may encounter resistance.
