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Thursday, September 8, 2011

Roller Coaster Volatility: (TITN), (AFFX), (SXI), (REXX), (ACHN)

Among the most volatile stocks traded on September 8 were: Titan Machinery, Inc, Affymetrix Inc, Standex International Corp, Rex Energy Corporation, and Achillion Pharmaceuticals, 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 Titan Machinery, Inc. (TITN) fell by 12.98% or $-3.55/share to $23.81. In the past year, the shares have traded as low as $14.40 and as high as $32.03. On average, 416150 shares of TITN exchange hands on a given day and today's volume is recorded at 705379. 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 $25.47 area where the stock may encounter resistance.

Shares of Affymetrix Inc. (AFFX) fell by 0.73% or $-0.04/share to $5.46. In the past year, the shares have traded as low as $4.04 and as high as $8.16. On average, 1850700 shares of AFFX exchange hands on a given day and today's volume is recorded at 266369. 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 $5.52 area where the stock may encounter resistance.

Shares of Standex International Corp. (SXI) traded higher by 9.82% or $2.98/share to $33.34. In the past year, the shares have traded as low as $22.10 and as high as $38.97. On average, 55950 shares of SXI exchange hands on a given day and today's volume is recorded at 29052. 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 $32.18 area.

Shares of Rex Energy Corporation (REXX) traded higher by 5.65% or $0.70/share to $13.1. In the past year, the shares have traded as low as $9.67 and as high as $14.33. On average, 858550 shares of REXX exchange hands on a given day and today's volume is recorded at 289257. 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 $11.84 area.

Shares of Achillion Pharmaceuticals, Inc. (ACHN) traded higher by 8.74% or $0.50/share to $6.22. In the past year, the shares have traded as low as $2.60 and as high as $8.95. On average, 978100 shares of ACHN exchange hands on a given day and today's volume is recorded at 331452. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $6.72 represents resistance and the 200-day moving average of $5.69 would be an area of support.