Among the most volatile stocks traded on September 20 were: IAMGOLD Corp, Solazyme, Inc, Richmont Mines Inc, Stamps.com Inc, and Trina Solar Ltd. 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 IAMGOLD Corp. (IAG) traded higher by 6.12% or $1.36/share to $23.59. In the past year, the shares have traded as low as $15.90 and as high as $23.26. On average, 2827490 shares of IAG exchange hands on a given day and today's volume is recorded at 1682649. 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 $20.70 area where the stock will likely see buying pressure.
Shares of Solazyme, Inc. (SZYM) fell by 1.76% or $-0.23/share to $12.78. In the past year, the shares have traded as low as $10.73 and as high as $27.47. On average, 382880 shares of SZYM exchange hands on a given day and today's volume is recorded at 42145. 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 $17.63 area but be careful because the stock may face selling pressure at this level.
Shares of Richmont Mines Inc. (RIC) traded higher by 7.07% or $0.88/share to $13.29. In the past year, the shares have traded as low as $4.28 and as high as $12.58. On average, 476240 shares of RIC exchange hands on a given day and today's volume is recorded at 340829. 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 $9.43 area where the stock will likely see buying pressure.
Shares of Stamps.com Inc. (STMP) traded higher by 1.93% or $0.46/share to $24.24. In the past year, the shares have traded as low as $10.26 and as high as $25.24. On average, 196260 shares of STMP exchange hands on a given day and today's volume is recorded at 151605. 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 $16.77 area where the stock will likely see buying pressure.
Shares of Trina Solar Ltd. (TSL) fell by 5.37% or $-0.51/share to $8.99. In the past year, the shares have traded as low as $8.74 and as high as $31.89. On average, 3402130 shares of TSL exchange hands on a given day and today's volume is recorded at 1046710. 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 $15.24 area but be careful because the stock may face selling pressure at this level.
