Among the most volatile stocks traded on October 24 were: Schweitzer-Mauduit International Inc, Columbia Banking System Inc, Approach Resources, Inc, IXYS Corp, and Exelixis, 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 Schweitzer-Mauduit International Inc. (SWM) traded higher by 15.51% or $9.24/share to $68.8. In the past year, the shares have traded as low as $46.48 and as high as $68.60. On average, 177230 shares of SWM exchange hands on a given day and today's volume is recorded at 376081. 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 $58.56 area where the stock will likely see buying pressure.
Shares of Columbia Banking System Inc. (COLB) traded higher by 0.23% or $0.04/share to $17.48. In the past year, the shares have traded as low as $13.46 and as high as $21.97. On average, 277310 shares of COLB exchange hands on a given day and today's volume is recorded at 54859. 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 $17.72 represents resistance and the 50-day moving average of $15.60 would be an area of support.
Shares of Approach Resources, Inc. (AREX) traded higher by 7.95% or $1.85/share to $25.11. In the past year, the shares have traded as low as $14.14 and as high as $34.93. On average, 605550 shares of AREX exchange hands on a given day and today's volume is recorded at 69947. 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 $24.66 area.
Shares of IXYS Corp. (IXYS) traded higher by 5.75% or $0.68/share to $12.5. In the past year, the shares have traded as low as $10.04 and as high as $15.98. On average, 141330 shares of IXYS exchange hands on a given day and today's volume is recorded at 25107. 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 $12.81 represents resistance and the 50-day moving average of $11.69 would be an area of support.
Shares of Exelixis, Inc. (EXEL) traded higher by 21.54% or $1.29/share to $7.28. In the past year, the shares have traded as low as $4.09 and as high as $12.82. On average, 1241580 shares of EXEL exchange hands on a given day and today's volume is recorded at 3340186. 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 $9.05 represents resistance and the 50-day moving average of $6.31 would be an area of support.
