Among the most volatile stocks traded on October 26 were: MF Global Holdings Ltd, Extorre Gold Mines Ltd. Ordinar, Itron, Inc, Cheniere Energy, Inc, and Dynavax Technologies Corporation. 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 MF Global Holdings Ltd. (MF) fell by 34.41% or $-0.64/share to $1.22. In the past year, the shares have traded as low as $1.75 and as high as $9.28. On average, 4904420 shares of MF exchange hands on a given day and today's volume is recorded at 39499752. 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 $4.57 area but be careful because the stock may face selling pressure at this level.
Shares of Extorre Gold Mines Ltd. Ordinar (XG) fell by 20.35% or $-1.84/share to $7.2. In the past year, the shares have traded as low as $4.23 and as high as $15.42. On average, 251980 shares of XG exchange hands on a given day and today's volume is recorded at 441477. 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 $8.85 area but be careful because the stock may face selling pressure at this level.
Shares of Itron, Inc. (ITRI) traded higher by 9.22% or $3.00/share to $35.54. In the past year, the shares have traded as low as $26.90 and as high as $67.58. On average, 560360 shares of ITRI exchange hands on a given day and today's volume is recorded at 901651. 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 $48.03 represents resistance and the 50-day moving average of $34.67 would be an area of support.
Shares of Cheniere Energy, Inc. (LNG) traded higher by 50.33% or $3.08/share to $9.2. In the past year, the shares have traded as low as $2.94 and as high as $12.81. On average, 2926530 shares of LNG exchange hands on a given day and today's volume is recorded at 15632149. 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 $8.12 area.
Shares of Dynavax Technologies Corporation (DVAX) fell by 13.26% or $-0.37/share to $2.42. In the past year, the shares have traded as low as $1.75 and as high as $3.59. On average, 1457410 shares of DVAX exchange hands on a given day and today's volume is recorded at 1871750. 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 $2.63 represents resistance and the 50-day moving average of $2.21 would be an area of support.
