Among the most volatile stocks traded on October 12 were: Netflix, Inc, SciQuest, Inc, Sears Holdings Corporation, Skyworks Solutions Inc, and EXFO 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 Netflix, Inc. (NFLX) traded higher by 6.16% or $6.69/share to $115.35. In the past year, the shares have traded as low as $103.13 and as high as $304.76. On average, 7391560 shares of NFLX exchange hands on a given day and today's volume is recorded at 3274400. 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 $188.67 area but be careful because the stock may face selling pressure at this level.
Shares of SciQuest, Inc. (SQI) fell by 3.65% or $-0.53/share to $13.99. In the past year, the shares have traded as low as $10.50 and as high as $18.45. On average, 64780 shares of SQI exchange hands on a given day and today's volume is recorded at 52086. 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 $14.36 area but be careful because the stock may face selling pressure at this level.
Shares of Sears Holdings Corporation (SHLD) traded higher by 6.64% or $4.45/share to $71.4. In the past year, the shares have traded as low as $51.14 and as high as $94.78. On average, 576900 shares of SHLD exchange hands on a given day and today's volume is recorded at 233167. 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 $72.52 represents resistance and the 50-day moving average of $58.81 would be an area of support.
Shares of Skyworks Solutions Inc. (SWKS) traded higher by 8.84% or $1.76/share to $21.67. In the past year, the shares have traded as low as $16.34 and as high as $37.82. On average, 4522650 shares of SWKS exchange hands on a given day and today's volume is recorded at 2300086. 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 $26.77 represents resistance and the 50-day moving average of $20.50 would be an area of support.
Shares of EXFO Inc (EXFO) fell by 5.66% or $-0.34/share to $5.67. In the past year, the shares have traded as low as $5.47 and as high as $13.19. On average, 53380 shares of EXFO exchange hands on a given day and today's volume is recorded at 111949. 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 $6.77 area but be careful because the stock may face selling pressure at this level.
