Among the most volatile stocks traded on September 1 were: Rite Aid Corp, Global Industries Ltd, Zumiez, Inc, Shuffle Master Inc, and Movado Group, 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 Rite Aid Corp. (RAD) fell by 0.91% or $-0.01/share to $1.09. In the past year, the shares have traded as low as $0.87 and as high as $1.47. On average, 10604670 shares of RAD exchange hands on a given day and today's volume is recorded at 23655588. 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 $1.11 area where the stock may encounter resistance.
Shares of Global Industries Ltd. (GLBL) traded higher by 2.04% or $0.09/share to $4.5. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 1518900 shares of GLBL exchange hands on a given day and today's volume is recorded at 294180. 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 $4.72 area but be careful because the stock may face selling pressure at this level.
Shares of Zumiez, Inc. (ZUMZ) fell by 0.65% or $-0.12/share to $18.37. In the past year, the shares have traded as low as $15.00 and as high as $33.13. On average, 543130 shares of ZUMZ exchange hands on a given day and today's volume is recorded at 1357657. 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 $23.55 area but be careful because the stock may face selling pressure at this level.
Shares of Shuffle Master Inc. (SHFL) traded higher by 8.35% or $0.74/share to $9.6. In the past year, the shares have traded as low as $7.35 and as high as $11.80. On average, 349320 shares of SHFL exchange hands on a given day and today's volume is recorded at 272326. 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 $10.09 represents resistance and the 50-day moving average of $8.84 would be an area of support.
Shares of Movado Group, Inc. (MOV) traded higher by 9.52% or $1.31/share to $15.07. In the past year, the shares have traded as low as $9.46 and as high as $17.97. On average, 120010 shares of MOV exchange hands on a given day and today's volume is recorded at 156348. 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 $15.11 area but be careful because the stock may face selling pressure at this level.
