Among the most volatile stocks traded on October 19 were: Jaguar Mining Inc, Crown Media Holdings Inc, Denison Mines Corp, Rentech, Inc, and Demand Media, 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 Jaguar Mining Inc. (JAG) fell by 16.32% or $-0.88/share to $4.49. In the past year, the shares have traded as low as $4.11 and as high as $7.91. On average, 1780250 shares of JAG exchange hands on a given day and today's volume is recorded at 3131086. 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 $5.38 area where the stock may encounter resistance.
Shares of Crown Media Holdings Inc. (CRWN) fell by 3.92% or $-0.06/share to $1.47. In the past year, the shares have traded as low as $1.12 and as high as $3.47. On average, 112420 shares of CRWN exchange hands on a given day and today's volume is recorded at 24999. 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 $1.93 represents resistance and the 50-day moving average of $1.32 would be an area of support.
Shares of Denison Mines Corp. (DNN) traded higher by 5.0% or $0.06/share to $1.28. In the past year, the shares have traded as low as $0.81 and as high as $4.52. On average, 1471120 shares of DNN exchange hands on a given day and today's volume is recorded at 872524. 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 $1.37 area but be careful because the stock may face selling pressure at this level.
Shares of Rentech, Inc. (RTK) fell by 6.57% or $-0.09/share to $1.28. In the past year, the shares have traded as low as $0.72 and as high as $1.48. On average, 1314440 shares of RTK exchange hands on a given day and today's volume is recorded at 1343147. 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 $1.07 area.
Shares of Demand Media, Inc. (DMD) fell by 9.86% or $-0.64/share to $5.85. In the past year, the shares have traded as low as $6.44 and as high as $27.37. On average, 418940 shares of DMD exchange hands on a given day and today's volume is recorded at 210175. 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 $8.02 area but be careful because the stock may face selling pressure at this level.
