Among the most volatile stocks traded on September 23 were: Kronos Worldwide Inc, Finish Line Inc, RDA Microelectronics, Inc, Tangoe, Inc, and Tanzanian Royalty Exploration Corp. . 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 Kronos Worldwide Inc. (KRO) traded higher by 2.02% or $0.35/share to $17.68. In the past year, the shares have traded as low as $17.01 and as high as $34.24. On average, 786590 shares of KRO exchange hands on a given day and today's volume is recorded at 140679. 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 $23.68 area but be careful because the stock may face selling pressure at this level.
Shares of Finish Line Inc. (FINL) traded higher by 10.36% or $1.91/share to $20.34. In the past year, the shares have traded as low as $13.55 and as high as $23.58. On average, 852060 shares of FINL exchange hands on a given day and today's volume is recorded at 1553183. 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 $20.01 area where the stock will likely see buying pressure.
Shares of RDA Microelectronics, Inc. (RDA) fell by 6.74% or $-0.58/share to $8.03. In the past year, the shares have traded as low as $8.26 and as high as $18.20. On average, 60750 shares of RDA exchange hands on a given day and today's volume is recorded at 17930. 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 $9.28 area but be careful because the stock may face selling pressure at this level.
Shares of Tangoe, Inc. (TNGO) traded higher by 1.53% or $0.19/share to $12.59. In the past year, the shares have traded as low as $8.01 and as high as $14.43. On average, 198600 shares of TNGO exchange hands on a given day and today's volume is recorded at 18155. 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 $11.27 area.
Shares of Tanzanian Royalty Exploration Corp. (TRX) fell by 8.08% or $-0.37/share to $4.21. In the past year, the shares have traded as low as $4.41 and as high as $7.82. On average, 328260 shares of TRX exchange hands on a given day and today's volume is recorded at 456862. 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 $5.94 area but be careful because the stock may face selling pressure at this level.
