Among the most volatile stocks traded on September 13 were: MGIC Investment Corp, Bridgepoint Education, Inc, Clovis Oncology, Inc, BPZ Resources, Inc, and Sify Technologies Limited. 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 MGIC Investment Corp. (MTG) traded higher by 4.27% or $0.07/share to $1.71. In the past year, the shares have traded as low as $0.66 and as high as $5.15. On average, 6144840 shares of MTG exchange hands on a given day and today's volume is recorded at 1401740. 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 $1.73 area but be careful because the stock may face selling pressure at this level.
Shares of Bridgepoint Education, Inc. (BPI) fell by 9.0% or $-0.99/share to $10.01. In the past year, the shares have traded as low as $8.11 and as high as $27.26. On average, 806410 shares of BPI exchange hands on a given day and today's volume is recorded at 266159. 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 $10.87 area but be careful because the stock may face selling pressure at this level.
Shares of Clovis Oncology, Inc. (CLVS) traded higher by 1.04% or $0.21/share to $20.33. In the past year, the shares have traded as low as $11.45 and as high as $27.55. On average, 72300 shares of CLVS exchange hands on a given day and today's volume is recorded at 29530. 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 $18.93 area.
Shares of BPZ Resources, Inc. (BPZ) traded higher by 2.44% or $0.07/share to $2.94. In the past year, the shares have traded as low as $2.01 and as high as $4.64. On average, 1252750 shares of BPZ exchange hands on a given day and today's volume is recorded at 748946. 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 $3.04 represents resistance and the 50-day moving average of $2.37 would be an area of support.
Shares of Sify Technologies Limited (SIFY) fell by 3.4% or $-0.09/share to $2.56. In the past year, the shares have traded as low as $1.90 and as high as $6.45. On average, 103900 shares of SIFY exchange hands on a given day and today's volume is recorded at 21287. 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 $3.17 represents resistance and the 50-day moving average of $2.21 would be an area of support.
