Among the most volatile stocks traded on October 17 were: The Governor and Company of The Bank of Ireland, Net 1 Ueps Technologies Inc, SS&C Technologies Holdings, Inc, Achillion Pharmaceuticals, Inc, and SEI Investments Co. 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 The Governor and Company of The Bank of Ireland (IRE) traded higher by 653.01% or $5.42/share to $6.25. In the past year, the shares have traded as low as $0.75 and as high as $3.55. On average, 5111840 shares of IRE exchange hands on a given day and today's volume is recorded at 1597996. 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 $1.64 area.
Shares of Net 1 Ueps Technologies Inc. (UEPS) fell by 3.16% or $-0.22/share to $6.74. In the past year, the shares have traded as low as $5.77 and as high as $12.97. On average, 109920 shares of UEPS exchange hands on a given day and today's volume is recorded at 31640. 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 $8.59 represents resistance and the 50-day moving average of $6.60 would be an area of support.
Shares of SS&C Technologies Holdings, Inc. (SSNC) fell by 1.52% or $-0.23/share to $14.88. In the past year, the shares have traded as low as $13.28 and as high as $21.95. On average, 166080 shares of SSNC exchange hands on a given day and today's volume is recorded at 14327. 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 $15.43 area but be careful because the stock may face selling pressure at this level.
Shares of Achillion Pharmaceuticals, Inc. (ACHN) traded higher by 1.72% or $0.10/share to $5.92. In the past year, the shares have traded as low as $2.60 and as high as $8.95. On average, 600250 shares of ACHN exchange hands on a given day and today's volume is recorded at 798040. 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 $5.96 represents resistance and the 50-day moving average of $5.39 would be an area of support.
Shares of SEI Investments Co. (SEIC) fell by 2.64% or $-0.41/share to $15.13. In the past year, the shares have traded as low as $13.73 and as high as $24.75. On average, 1302190 shares of SEIC exchange hands on a given day and today's volume is recorded at 94844. 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 $16.11 area but be careful because the stock may face selling pressure at this level.
