Among the most volatile stocks traded on October 12 were: Onyx Pharmaceuticals Inc, US Airways Group, Inc, Pharmasset, Inc, hiSoft Technology International Ltd, and Adecoagro S.A. 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 Onyx Pharmaceuticals Inc. (ONXX) traded higher by 3.44% or $1.10/share to $33.01. In the past year, the shares have traded as low as $25.78 and as high as $45.90. On average, 905940 shares of ONXX exchange hands on a given day and today's volume is recorded at 1956475. 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 $35.21 represents resistance and the 50-day moving average of $31.50 would be an area of support.
Shares of US Airways Group, Inc. (LCC) traded higher by 7.71% or $0.45/share to $6.29. In the past year, the shares have traded as low as $4.53 and as high as $12.26. On average, 8039430 shares of LCC exchange hands on a given day and today's volume is recorded at 2941000. 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 $8.11 represents resistance and the 50-day moving average of $5.51 would be an area of support.
Shares of Pharmasset, Inc. (VRUS) fell by 2.75% or $-2.30/share to $81.22. In the past year, the shares have traded as low as $15.62 and as high as $88.52. On average, 1042369 shares of VRUS exchange hands on a given day and today's volume is recorded at 571837. 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 $69.68 area where the stock will likely see buying pressure.
Shares of hiSoft Technology International Ltd. (HSFT) traded higher by 0.69% or $0.07/share to $10.2. In the past year, the shares have traded as low as $8.02 and as high as $34.00. On average, 268750 shares of HSFT exchange hands on a given day and today's volume is recorded at 15535. 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 $10.31 area but be careful because the stock may face selling pressure at this level.
Shares of Adecoagro S.A. (AGRO) traded higher by 9.35% or $0.73/share to $8.54. In the past year, the shares have traded as low as $7.16 and as high as $13.91. On average, 197860 shares of AGRO exchange hands on a given day and today's volume is recorded at 124788. 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 $9.74 area but be careful because the stock may face selling pressure at this level.
