Among the most volatile stocks traded on September 29 were: Changyou.com Limited, Eastman Kodak Co, DaVita, Inc, Fossil, Inc, and KiOR, 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 Changyou.com Limited (CYOU) fell by 5.6% or $-1.55/share to $26.15. In the past year, the shares have traded as low as $26.80 and as high as $52.00. On average, 371780 shares of CYOU exchange hands on a given day and today's volume is recorded at 121956. 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 $37.23 area where the stock may encounter resistance.
Shares of Eastman Kodak Co. (EK) traded higher by 9.35% or $0.15/share to $1.7. In the past year, the shares have traded as low as $1.44 and as high as $5.97. On average, 14750780 shares of EK exchange hands on a given day and today's volume is recorded at 9292170. 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 $2.56 area but be careful because the stock may face selling pressure at this level.
Shares of DaVita, Inc. (DVA) fell by 7.73% or $-5.33/share to $63.65. In the past year, the shares have traded as low as $66.68 and as high as $89.76. On average, 1139100 shares of DVA exchange hands on a given day and today's volume is recorded at 3207955. 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 $74.73 area but be careful because the stock may face selling pressure at this level.
Shares of Fossil, Inc. (FOSL) fell by 9.33% or $-8.92/share to $86.73. In the past year, the shares have traded as low as $51.03 and as high as $134.99. On average, 1450020 shares of FOSL exchange hands on a given day and today's volume is recorded at 1290215. 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 $93.53 area where the stock may encounter resistance.
Shares of KiOR, Inc. (KIOR) traded higher by 6.94% or $1.40/share to $21.5. In the past year, the shares have traded as low as $8.88 and as high as $21.83. On average, 148420 shares of KIOR exchange hands on a given day and today's volume is recorded at 69135. 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 $14.30 area.
