Among the most volatile stocks traded on September 5 were: Silvercorp Metals Inc, Pinnacle Financial Partners Inc, Regeneron Pharmaceuticals, Inc, Central European Distribution Corp, and NGL ENERGY PARTNERS LP Common U. 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 Silvercorp Metals Inc. (SVM) fell by 10.46% or $-0.88/share to $7.53. In the past year, the shares have traded as low as $7.19 and as high as $16.28. On average, 3926290 shares of SVM exchange hands on a given day and today's volume is recorded at 20136524. 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 $9.65 area but be careful because the stock may face selling pressure at this level.
Shares of Pinnacle Financial Partners Inc. (PNFP) fell by 8.45% or $-1.04/share to $11.27. In the past year, the shares have traded as low as $8.40 and as high as $16.93. On average, 175180 shares of PNFP exchange hands on a given day and today's volume is recorded at 238662. 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 $14.17 area but be careful because the stock may face selling pressure at this level.
Shares of Regeneron Pharmaceuticals, Inc. (REGN) traded higher by 8.95% or $5.32/share to $64.78. In the past year, the shares have traded as low as $22.23 and as high as $71.74. On average, 993550 shares of REGN exchange hands on a given day and today's volume is recorded at 4891084. 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 $55.09 area where the stock will likely see buying pressure.
Shares of Central European Distribution Corp. (CEDC) traded higher by 8.9% or $0.58/share to $7.1. In the past year, the shares have traded as low as $5.21 and as high as $28.09. On average, 2377700 shares of CEDC exchange hands on a given day and today's volume is recorded at 4244394. 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 $8.75 area but be careful because the stock may face selling pressure at this level.
Shares of NGL ENERGY PARTNERS LP Common U (NGL) traded higher by 1.75% or $0.38/share to $22.07. In the past year, the shares have traded as low as $18.00 and as high as $21.82. On average, 31820 shares of NGL exchange hands on a given day and today's volume is recorded at 83460. 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 $19.92 area.
