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Monday, August 29, 2011

the most volatile stocks traded on August 29 2011

the most volatile stocks traded on August 29 2011 ; Among the most volatile stocks traded on August 29 were: Central European Distribution Corp, Rubicon Technology, Inc, Skullcandy, Inc, Netspend Holdings, Inc, and United Community Banks, 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 Central European Distribution Corp. (CEDC) traded higher by 12.25% or $0.67/share to $6.14. In the past year, the shares have traded as low as $5.21 and as high as $28.07. On average, 2136000 shares of CEDC exchange hands on a given day and today's volume is recorded at 549529. 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 $9.12 area but be careful because the stock may face selling pressure at this level.

Shares of Rubicon Technology, Inc. (RBCN) traded higher by 0.98% or $0.13/share to $13.35. In the past year, the shares have traded as low as $10.76 and as high as $29.79. On average, 930740 shares of RBCN exchange hands on a given day and today's volume is recorded at 71006. 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 $14.91 area but be careful because the stock may face selling pressure at this level.

Shares of Skullcandy, Inc. (SKUL) fell by 0.71% or $-0.11/share to $15.38. In the past year, the shares have traded as low as $14.01 and as high as $23.40. On average, 835610 shares of SKUL exchange hands on a given day and today's volume is recorded at 107649. 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 $17.07 area but be careful because the stock may face selling pressure at this level.

Shares of Netspend Holdings, Inc. (NTSP) traded higher by 7.99% or $0.47/share to $6.35. In the past year, the shares have traded as low as $3.90 and as high as $16.21. On average, 510840 shares of NTSP exchange hands on a given day and today's volume is recorded at 96071. 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 $7.41 area but be careful because the stock may face selling pressure at this level.

Shares of United Community Banks, Inc. (UCBI) traded higher by 7.93% or $0.73/share to $9.93. In the past year, the shares have traded as low as $5.50 and as high as $14.65. On average, 142030 shares of UCBI exchange hands on a given day and today's volume is recorded at 49464. 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 $10.19 represents resistance and the 200-day moving average of $9.84 would be an area of support.(source www.takeoverchatter.com ) For the latest updates PRESS CTR + D or visit Stock Market news Today

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