Among the most volatile stocks traded on October 24 were: Silvercorp Metals Inc, Protalix BioTherapeutics, Inc, Roper Industries Inc, Healthways Inc, and Illumina 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 Silvercorp Metals Inc. (SVM) traded higher by 17.24% or $1.40/share to $9.52. In the past year, the shares have traded as low as $5.84 and as high as $16.24. On average, 6601510 shares of SVM exchange hands on a given day and today's volume is recorded at 5720099. 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 $10.64 represents resistance and the 50-day moving average of $8.01 would be an area of support.
Shares of Protalix BioTherapeutics, Inc. (PLX) traded higher by 11.87% or $0.64/share to $6.03. In the past year, the shares have traded as low as $4.06 and as high as $10.60. On average, 186880 shares of PLX exchange hands on a given day and today's volume is recorded at 181731. 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 $6.57 represents resistance and the 50-day moving average of $4.74 would be an area of support.
Shares of Roper Industries Inc. (ROP) fell by 0.23% or $-0.18/share to $77.51. In the past year, the shares have traded as low as $64.79 and as high as $88.38. On average, 752670 shares of ROP exchange hands on a given day and today's volume is recorded at 551958. 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 $79.43 represents resistance and the 50-day moving average of $72.68 would be an area of support.
Shares of Healthways Inc. (HWAY) traded higher by 3.01% or $0.32/share to $10.96. In the past year, the shares have traded as low as $8.63 and as high as $17.62. On average, 243110 shares of HWAY exchange hands on a given day and today's volume is recorded at 68116. 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 $11.09 area but be careful because the stock may face selling pressure at this level.
Shares of Illumina Inc. (ILMN) traded higher by 6.37% or $1.74/share to $29.05. In the past year, the shares have traded as low as $25.57 and as high as $79.39. On average, 3220110 shares of ILMN exchange hands on a given day and today's volume is recorded at 1768546. 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 $42.46 area but be careful because the stock may face selling pressure at this level.
