Among the most volatile stocks traded on October 20 were: NetScout Systems Inc, Level 3 Communications Inc, Ingersoll-Rand Plc, Western Digital Corp, and Denison Mines 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 NetScout Systems Inc. (NTCT) traded higher by 17.37% or $2.30/share to $15.54. In the past year, the shares have traded as low as $10.68 and as high as $27.83. On average, 453110 shares of NTCT exchange hands on a given day and today's volume is recorded at 336542. 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 $20.08 represents resistance and the 50-day moving average of $12.52 would be an area of support.
Shares of Level 3 Communications Inc. (LVLT) traded higher by 1403.87% or $21.76/share to $23.31. In the past year, the shares have traded as low as $0.84 and as high as $2.67. On average, 28114340 shares of LVLT exchange hands on a given day and today's volume is recorded at 1280782. 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 $1.72 area.
Shares of Ingersoll-Rand Plc (IR) fell by 8.48% or $-2.52/share to $27.21. In the past year, the shares have traded as low as $25.86 and as high as $52.00. On average, 7052400 shares of IR exchange hands on a given day and today's volume is recorded at 2361553. 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 $30.77 area but be careful because the stock may face selling pressure at this level.
Shares of Western Digital Corp. (WDC) traded higher by 0.55% or $0.13/share to $24.58. In the past year, the shares have traded as low as $23.93 and as high as $41.88. On average, 4921640 shares of WDC exchange hands on a given day and today's volume is recorded at 5794106. 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 $28.07 area but be careful because the stock may face selling pressure at this level.
Shares of Denison Mines Corp. (DNN) traded higher by 7.5% or $0.09/share to $1.29. In the past year, the shares have traded as low as $0.81 and as high as $4.52. On average, 1487640 shares of DNN exchange hands on a given day and today's volume is recorded at 816032. 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.
