Among the most volatile stocks traded on September 19 were: Barnes & Noble, Inc, Pharmaceutical Product Development Inc, Pendrell Corporation, Penn Virginia Corp, and Optimer Pharmaceuticals, 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 Barnes & Noble, Inc. (BKS) fell by 4.0% or $-0.46/share to $11.03. In the past year, the shares have traded as low as $8.45 and as high as $21.06. On average, 1152050 shares of BKS exchange hands on a given day and today's volume is recorded at 194412. 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 $14.48 area but be careful because the stock may face selling pressure at this level.
Shares of Pharmaceutical Product Development Inc. (PPDI) fell by 5.57% or $-1.59/share to $26.95. In the past year, the shares have traded as low as $23.04 and as high as $32.91. On average, 1434930 shares of PPDI exchange hands on a given day and today's volume is recorded at 1172979. 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 $28.11 area where the stock may encounter resistance.
Shares of Pendrell Corporation (PCO) fell by 3.86% or $-0.09/share to $2.24. In the past year, the shares have traded as low as $1.26 and as high as $3.26. On average, 638790 shares of PCO exchange hands on a given day and today's volume is recorded at 17480. 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 $2.36 area where the stock may encounter resistance.
Shares of Penn Virginia Corp. (PVA) fell by 9.34% or $-0.70/share to $6.84. In the past year, the shares have traded as low as $6.94 and as high as $18.55. On average, 1128900 shares of PVA exchange hands on a given day and today's volume is recorded at 234208. 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 $10.24 area but be careful because the stock may face selling pressure at this level.
Shares of Optimer Pharmaceuticals, Inc. (OPTR) traded higher by 3.28% or $0.46/share to $14.5. In the past year, the shares have traded as low as $6.81 and as high as $14.74. On average, 867070 shares of OPTR exchange hands on a given day and today's volume is recorded at 425717. 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 $11.65 area.
