Among the most volatile stocks traded on September 6 were: TransAtlantic Petroleum Ltd, Fairchild Semiconductor International Inc, Optimer Pharmaceuticals, Inc, GeoResources, Inc, and ScanSource, 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) fell by 7.87% or $-0.10/share to $1.17. In the past year, the shares have traded as low as $0.75 and as high as $3.59. On average, 2087900 shares of TAT exchange hands on a given day and today's volume is recorded at 383087. 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 $1.36 area but be careful because the stock may face selling pressure at this level.
Shares of Fairchild Semiconductor International Inc. (FCS) traded higher by 0.72% or $0.09/share to $12.57. In the past year, the shares have traded as low as $7.87 and as high as $21.02. On average, 2584670 shares of FCS exchange hands on a given day and today's volume is recorded at 1565958. 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 $14.89 area but be careful because the stock may face selling pressure at this level.
Shares of Optimer Pharmaceuticals, Inc. (OPTR) traded higher by 3.13% or $0.31/share to $10.2. In the past year, the shares have traded as low as $6.81 and as high as $14.74. On average, 690120 shares of OPTR exchange hands on a given day and today's volume is recorded at 432044. 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 $11.52 represents resistance and the 50-day moving average of $10.08 would be an area of support.
Shares of GeoResources, Inc. (GEOI) fell by 1.98% or $-0.43/share to $21.29. In the past year, the shares have traded as low as $14.07 and as high as $32.94. On average, 342170 shares of GEOI exchange hands on a given day and today's volume is recorded at 60327. 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 $23.60 area but be careful because the stock may face selling pressure at this level.
Shares of ScanSource, Inc. (SCSC) fell by 3.7% or $-1.06/share to $27.6. In the past year, the shares have traded as low as $25.61 and as high as $40.00. On average, 127530 shares of SCSC exchange hands on a given day and today's volume is recorded at 22337. 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 $34.40 area where the stock may encounter resistance.
