Among the most volatile stocks traded on October 20 were: Astoria Financial Corporation, InterDigital, Inc, Green Mountain Coffee Roasters Inc, Quantum Corporation, and LaSalle Hotel Properties. 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 Astoria Financial Corporation (AF) fell by 7.58% or $-0.65/share to $7.92. In the past year, the shares have traded as low as $7.14 and as high as $14.91. On average, 1437110 shares of AF exchange hands on a given day and today's volume is recorded at 939142. 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 $9.00 area but be careful because the stock may face selling pressure at this level.
Shares of InterDigital, Inc. (IDCC) traded higher by 3.73% or $1.70/share to $47.32. In the past year, the shares have traded as low as $29.16 and as high as $82.32. On average, 2712080 shares of IDCC exchange hands on a given day and today's volume is recorded at 655704. 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 $50.51 area where the stock may encounter resistance.
Shares of Green Mountain Coffee Roasters Inc. (GMCR) fell by 3.64% or $-2.54/share to $67.26. In the past year, the shares have traded as low as $29.55 and as high as $115.99. On average, 3919940 shares of GMCR exchange hands on a given day and today's volume is recorded at 10004887. 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 $74.35 area where the stock may encounter resistance.
Shares of Quantum Corporation (QTM) fell by 1.79% or $-0.04/share to $2.19. In the past year, the shares have traded as low as $1.54 and as high as $4.45. On average, 2573670 shares of QTM exchange hands on a given day and today's volume is recorded at 411918. 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 $2.73 represents resistance and the 50-day moving average of $1.97 would be an area of support.
Shares of LaSalle Hotel Properties (LHO) traded higher by 2.29% or $0.48/share to $21.45. In the past year, the shares have traded as low as $15.09 and as high as $29.17. On average, 1177530 shares of LHO exchange hands on a given day and today's volume is recorded at 191361. 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 $24.41 represents resistance and the 50-day moving average of $18.64 would be an area of support.
