Among the most volatile stocks traded on October 28 were: Omnicell Inc, Universal Health Services Inc, Stillwater Mining Co, Cablevision Systems Corporation, and HMS Holdings Corp. 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 Omnicell Inc. (OMCL) fell by 4.76% or $-0.80/share to $16.02. In the past year, the shares have traded as low as $12.46 and as high as $18.15. On average, 215990 shares of OMCL exchange hands on a given day and today's volume is recorded at 63166. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $14.88 area where the stock will likely see buying pressure.
Shares of Universal Health Services Inc. (UHS) traded higher by 7.3% or $2.83/share to $41.59. In the past year, the shares have traded as low as $31.35 and as high as $56.34. On average, 1609350 shares of UHS exchange hands on a given day and today's volume is recorded at 729868. 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 $45.60 represents resistance and the 50-day moving average of $36.88 would be an area of support.
Shares of Stillwater Mining Co. (SWC) traded higher by 15.6% or $1.64/share to $12.15. In the past year, the shares have traded as low as $7.31 and as high as $25.90. On average, 3870250 shares of SWC exchange hands on a given day and today's volume is recorded at 3112280. 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 $18.26 represents resistance and the 50-day moving average of $11.44 would be an area of support.
Shares of Cablevision Systems Corporation (CVC) fell by 12.74% or $-2.20/share to $15.1. In the past year, the shares have traded as low as $14.45 and as high as $27.37. On average, 3654760 shares of CVC exchange hands on a given day and today's volume is recorded at 4076640. 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 $17.09 area but be careful because the stock may face selling pressure at this level.
Shares of HMS Holdings Corp. (HMSY) fell by 12.46% or $-3.38/share to $23.75. In the past year, the shares have traded as low as $18.46 and as high as $28.27. On average, 602300 shares of HMSY exchange hands on a given day and today's volume is recorded at 1513941. 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 $25.11 area where the stock may encounter resistance.
