Among the most volatile stocks traded on October 4 were: VirnetX Holding Corp, MedQuist Holdings Inc, C&J Energy Services, Inc. Commo, OmniVision Technologies Inc, and Wabash National 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 VirnetX Holding Corp (VHC) traded higher by 6.06% or $0.75/share to $13.13. In the past year, the shares have traded as low as $11.02 and as high as $41.78. On average, 1867510 shares of VHC exchange hands on a given day and today's volume is recorded at 978796. 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 $21.03 area where the stock may encounter resistance.
Shares of MedQuist Holdings Inc. (MEDH) fell by 5.92% or $-0.41/share to $6.51. In the past year, the shares have traded as low as $6.80 and as high as $14.20. On average, 280300 shares of MEDH exchange hands on a given day and today's volume is recorded at 504059. 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 $9.28 area but be careful because the stock may face selling pressure at this level.
Shares of C&J Energy Services, Inc. Commo (CJES) fell by 8.38% or $-1.23/share to $13.44. In the past year, the shares have traded as low as $14.29 and as high as $32.94. On average, 842380 shares of CJES exchange hands on a given day and today's volume is recorded at 419470. 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 $23.92 area but be careful because the stock may face selling pressure at this level.
Shares of OmniVision Technologies Inc. (OVTI) traded higher by 13.38% or $1.70/share to $14.41. In the past year, the shares have traded as low as $12.71 and as high as $37.04. On average, 3541600 shares of OVTI exchange hands on a given day and today's volume is recorded at 2718066. 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 $21.43 area but be careful because the stock may face selling pressure at this level.
Shares of Wabash National Corp. (WNC) traded higher by 8.86% or $0.39/share to $4.79. In the past year, the shares have traded as low as $4.22 and as high as $13.17. On average, 1525250 shares of WNC exchange hands on a given day and today's volume is recorded at 425833. 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 $5.62 area but be careful because the stock may face selling pressure at this level.
