Among the most volatile stocks traded on August 9 were: Sykes Enterprises, Incorporated, AllianceBernstein Holding L.P, Northern Oil and Gas, Inc, DTS Inc, and Luminex Corporation. 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 Sykes Enterprises, Incorporated (SYKE) fell by 31.05% or $-4.93/share to $10.95. In the past year, the shares have traded as low as $11.79 and as high as $22.88. On average, 233740 shares of SYKE exchange hands on a given day and today's volume is recorded at 737895. 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 $19.68 area where the stock may encounter resistance.
Shares of AllianceBernstein Holding L.P. (AB) traded higher by 1.63% or $0.23/share to $14.39. In the past year, the shares have traded as low as $13.25 and as high as $26.27. On average, 452150 shares of AB exchange hands on a given day and today's volume is recorded at 211257. 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 $18.36 area but be careful because the stock may face selling pressure at this level.
Shares of Northern Oil and Gas, Inc. (NOG) traded higher by 38.64% or $5.12/share to $18.37. In the past year, the shares have traded as low as $13.25 and as high as $33.98. On average, 2104490 shares of NOG exchange hands on a given day and today's volume is recorded at 1960488. 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 $20.63 area but be careful because the stock may face selling pressure at this level.
Shares of DTS Inc. (DTSI) fell by 21.02% or $-6.24/share to $23.45. In the past year, the shares have traded as low as $28.01 and as high as $50.57. On average, 126310 shares of DTSI exchange hands on a given day and today's volume is recorded at 610527. 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 $39.26 area but be careful because the stock may face selling pressure at this level.
Shares of Luminex Corporation (LMNX) traded higher by 23.95% or $4.43/share to $22.93. In the past year, the shares have traded as low as $14.25 and as high as $21.89. On average, 183620 shares of LMNX exchange hands on a given day and today's volume is recorded at 663350. 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 $20.27 area where the stock will likely see buying pressure.
