Among the most volatile stocks traded on August 6 were: Knight Capital Group, Inc, Education Management Corporation, Standard Motor Products Inc, Tesco Corporation, and NII Holdings 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 Knight Capital Group, Inc. (KCG) fell by 21.23% or $-0.86/share to $3.19. In the past year, the shares have traded as low as $2.27 and as high as $14.00. On average, 3255410 shares of KCG exchange hands on a given day and today's volume is recorded at 69760576. 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 $11.23 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) traded higher by 7.97% or $0.24/share to $3.25. In the past year, the shares have traded as low as $2.84 and as high as $29.90. On average, 316660 shares of EDMC exchange hands on a given day and today's volume is recorded at 269024. 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 $5.97 area but be careful because the stock may face selling pressure at this level.
Shares of Standard Motor Products Inc. (SMP) traded higher by 20.9% or $2.94/share to $17.01. In the past year, the shares have traded as low as $10.10 and as high as $25.74. On average, 190920 shares of SMP exchange hands on a given day and today's volume is recorded at 389199. 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 $17.25 represents resistance and the 50-day moving average of $13.49 would be an area of support.
Shares of Tesco Corporation (TESO) fell by 12.48% or $-1.51/share to $10.56. In the past year, the shares have traded as low as $10.02 and as high as $20.20. On average, 233230 shares of TESO exchange hands on a given day and today's volume is recorded at 723208. 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 $11.45 area but be careful because the stock may face selling pressure at this level.
Shares of NII Holdings Inc. (NIHD) traded higher by 16.77% or $1.14/share to $7.94. In the past year, the shares have traded as low as $6.56 and as high as $42.21. On average, 4319780 shares of NIHD exchange hands on a given day and today's volume is recorded at 6163179. 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 $9.68 area but be careful because the stock may face selling pressure at this level.
