Among the most volatile stocks traded on October 19 were: Nevsun Resources Ltd, The Governor and Company of The Bank of Ireland, SEI Investments Co, Rockwood Holdings Inc, and SUPERVALU 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 Nevsun Resources Ltd. (NSU) fell by 12.75% or $-0.70/share to $4.79. In the past year, the shares have traded as low as $4.42 and as high as $7.71. On average, 669800 shares of NSU exchange hands on a given day and today's volume is recorded at 1498981. 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 $6.02 area where the stock may encounter resistance.
Shares of The Governor and Company of The Bank of Ireland (IRE) fell by 13.35% or $-0.88/share to $5.71. In the past year, the shares have traded as low as $5.89 and as high as $35.27. On average, 522780 shares of IRE exchange hands on a given day and today's volume is recorded at 2800163. 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 $10.87 area but be careful because the stock may face selling pressure at this level.
Shares of SEI Investments Co. (SEIC) fell by 5.89% or $-0.91/share to $14.54. In the past year, the shares have traded as low as $13.73 and as high as $24.75. On average, 1329580 shares of SEIC exchange hands on a given day and today's volume is recorded at 541072. 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 $16.04 area but be careful because the stock may face selling pressure at this level.
Shares of Rockwood Holdings Inc. (ROC) fell by 5.34% or $-2.32/share to $41.13. In the past year, the shares have traded as low as $30.43 and as high as $62.03. On average, 1318010 shares of ROC exchange hands on a given day and today's volume is recorded at 1561594. 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 $44.60 area but be careful because the stock may face selling pressure at this level.
Shares of SUPERVALU Inc. (SVU) fell by 5.51% or $-0.45/share to $7.72. In the past year, the shares have traded as low as $6.26 and as high as $11.53. On average, 6836160 shares of SVU exchange hands on a given day and today's volume is recorded at 7703397. 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 $8.38 represents resistance and the 50-day moving average of $7.28 would be an area of support.
