Among the most volatile stocks traded on October 4 were: Sprint Nextel Corp, InterOil Corporation, Eastman Kodak Co, Kodiak Oil & Gas Corp, and Richmont Mines 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 Sprint Nextel Corp. (S) fell by 9.18% or $-0.25/share to $2.48. In the past year, the shares have traded as low as $2.72 and as high as $6.45. On average, 64122270 shares of S exchange hands on a given day and today's volume is recorded at 68584688. 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 $3.56 area but be careful because the stock may face selling pressure at this level.
Shares of InterOil Corporation (IOC) fell by 17.53% or $-6.88/share to $32.37. In the past year, the shares have traded as low as $37.90 and as high as $81.99. On average, 709750 shares of IOC exchange hands on a given day and today's volume is recorded at 1611517. 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 $58.23 area but be careful because the stock may face selling pressure at this level.
Shares of Eastman Kodak Co. (EK) traded higher by 2.61% or $0.04/share to $1.38. In the past year, the shares have traded as low as $0.54 and as high as $5.97. On average, 16078800 shares of EK exchange hands on a given day and today's volume is recorded at 15017182. 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 $2.49 area but be careful because the stock may face selling pressure at this level.
Shares of Kodiak Oil & Gas Corp. (KOG) fell by 13.11% or $-0.59/share to $3.91. In the past year, the shares have traded as low as $3.46 and as high as $7.70. On average, 5099080 shares of KOG exchange hands on a given day and today's volume is recorded at 7794131. 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 $5.99 area but be careful because the stock may face selling pressure at this level.
Shares of Richmont Mines Inc. (RIC) fell by 18.42% or $-1.93/share to $8.55. In the past year, the shares have traded as low as $4.28 and as high as $13.40. On average, 581120 shares of RIC exchange hands on a given day and today's volume is recorded at 841206. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $10.03 represents resistance and the 200-day moving average of $7.42 would be an area of support.
