Among the most volatile stocks traded on September 8 were: EV Energy Partners LP, NovaGold Resources Inc, AeroVironment, Inc, InterMune Inc, and Westport Innovations 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 EV Energy Partners LP (EVEP) traded higher by 6.28% or $4.52/share to $76.51. In the past year, the shares have traded as low as $31.77 and as high as $72.57. On average, 370150 shares of EVEP exchange hands on a given day and today's volume is recorded at 281005. 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 $62.70 area where the stock will likely see buying pressure.
Shares of NovaGold Resources Inc. (NG) fell by 4.66% or $-0.50/share to $10.22. In the past year, the shares have traded as low as $7.36 and as high as $16.90. On average, 3371260 shares of NG exchange hands on a given day and today's volume is recorded at 2497681. 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 $12.12 represents resistance and the 50-day moving average of $9.95 would be an area of support.
Shares of AeroVironment, Inc. (AVAV) fell by 5.8% or $-1.74/share to $28.25. In the past year, the shares have traded as low as $21.25 and as high as $36.49. On average, 357680 shares of AVAV exchange hands on a given day and today's volume is recorded at 199513. 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 $29.19 area where the stock may encounter resistance.
Shares of InterMune Inc. (ITMN) traded higher by 6.54% or $1.76/share to $28.69. In the past year, the shares have traded as low as $11.18 and as high as $51.71. On average, 998690 shares of ITMN exchange hands on a given day and today's volume is recorded at 192034. 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 $29.94 area but be careful because the stock may face selling pressure at this level.
Shares of Westport Innovations Inc. (WPRT) traded higher by 4.33% or $1.18/share to $28.42. In the past year, the shares have traded as low as $14.25 and as high as $28.05. On average, 979930 shares of WPRT exchange hands on a given day and today's volume is recorded at 988701. 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 $24.39 area where the stock will likely see buying pressure.
