Among the most volatile stocks traded on September 7 were: Walter Energy, Inc, OfficeMax Incorporated, Pep Boys - Manny, Moe & Jack, Global Industries Ltd, and VeriSign 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 Walter Energy, Inc. (WLT) traded higher by 26.52% or $19.89/share to $94.88. In the past year, the shares have traded as low as $69.21 and as high as $143.39. On average, 2723760 shares of WLT exchange hands on a given day and today's volume is recorded at 4591423. 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 $99.63 area but be careful because the stock may face selling pressure at this level.
Shares of OfficeMax Incorporated (OMX) traded higher by 6.27% or $0.33/share to $5.59. In the past year, the shares have traded as low as $5.02 and as high as $19.20. On average, 3180120 shares of OMX exchange hands on a given day and today's volume is recorded at 936227. 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 $6.67 area but be careful because the stock may face selling pressure at this level.
Shares of Pep Boys - Manny, Moe & Jack (PBY) traded higher by 5.7% or $0.54/share to $10.02. In the past year, the shares have traded as low as $8.18 and as high as $15.88. On average, 1012290 shares of PBY exchange hands on a given day and today's volume is recorded at 519067. 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 $10.20 area but be careful because the stock may face selling pressure at this level.
Shares of Global Industries Ltd. (GLBL) traded higher by 11.46% or $0.51/share to $4.96. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 1488620 shares of GLBL exchange hands on a given day and today's volume is recorded at 571718. 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 $6.78 represents resistance and the 50-day moving average of $4.68 would be an area of support.
Shares of VeriSign Inc. (VRSN) traded higher by 6.27% or $2.01/share to $34.07. In the past year, the shares have traded as low as $27.44 and as high as $37.73. On average, 2914650 shares of VRSN exchange hands on a given day and today's volume is recorded at 3492021. 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 $32.73 area.
