Among the most volatile stocks traded on August 31 were: TransAtlantic Petroleum Ltd, Office Depot, Inc, Dynegy Inc, Winn-Dixie Stores Inc, and DryShips, 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 TransAtlantic Petroleum Ltd. (TAT) traded higher by 7.55% or $0.08/share to $1.14. In the past year, the shares have traded as low as $0.75 and as high as $3.59. On average, 2115190 shares of TAT exchange hands on a given day and today's volume is recorded at 815337. 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 $1.40 area but be careful because the stock may face selling pressure at this level.
Shares of Office Depot, Inc. (ODP) traded higher by 4.0% or $0.10/share to $2.6. In the past year, the shares have traded as low as $2.10 and as high as $6.25. On average, 9735350 shares of ODP exchange hands on a given day and today's volume is recorded at 2689987. 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 $3.43 area but be careful because the stock may face selling pressure at this level.
Shares of Dynegy Inc. (DYN) traded higher by 9.68% or $0.39/share to $4.42. In the past year, the shares have traded as low as $3.54 and as high as $6.92. On average, 1961590 shares of DYN exchange hands on a given day and today's volume is recorded at 1140359. 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 $5.32 area but be careful because the stock may face selling pressure at this level.
Shares of Winn-Dixie Stores Inc. (WINN) traded higher by 6.98% or $0.52/share to $7.97. In the past year, the shares have traded as low as $5.95 and as high as $10.08. On average, 1210900 shares of WINN exchange hands on a given day and today's volume is recorded at 547134. 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 $8.01 represents resistance and the 200-day moving average of $7.29 would be an area of support.
Shares of DryShips, Inc. (DRYS) fell by 5.21% or $-0.17/share to $3.01. In the past year, the shares have traded as low as $2.19 and as high as $6.45. On average, 10004700 shares of DRYS exchange hands on a given day and today's volume is recorded at 9335098. 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 $3.53 area but be careful because the stock may face selling pressure at this level.
