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Monday, October 10, 2011

Volatile Stocks: (TGA), (CLWR), (AREX), (SPN), (RES)

Among the most volatile stocks traded on October 10 were: TransGlobe Energy Corp, Clearwire Corporation, Approach Resources, Inc, Superior Energy Services Inc, and RPC 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 TransGlobe Energy Corp. (TGA) traded higher by 5.46% or $0.46/share to $8.89. In the past year, the shares have traded as low as $7.06 and as high as $20.26. On average, 135710 shares of TGA exchange hands on a given day and today's volume is recorded at 26140. 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 $9.21 area but be careful because the stock may face selling pressure at this level.

Shares of Clearwire Corporation (CLWR) fell by 2.16% or $-0.03/share to $1.36. In the past year, the shares have traded as low as $1.32 and as high as $7.51. On average, 7369530 shares of CLWR exchange hands on a given day and today's volume is recorded at 4378128. 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 $2.41 area but be careful because the stock may face selling pressure at this level.

Shares of Approach Resources, Inc. (AREX) traded higher by 8.94% or $1.64/share to $19.99. In the past year, the shares have traded as low as $12.18 and as high as $34.93. On average, 624000 shares of AREX exchange hands on a given day and today's volume is recorded at 141056. 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 $24.70 represents resistance and the 50-day moving average of $19.23 would be an area of support.

Shares of Superior Energy Services Inc. (SPN) fell by 18.39% or $-5.04/share to $22.37. In the past year, the shares have traded as low as $22.64 and as high as $42.87. On average, 1044960 shares of SPN exchange hands on a given day and today's volume is recorded at 10802442. 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 $33.07 area but be careful because the stock may face selling pressure at this level.

Shares of RPC Inc. (RES) traded higher by 8.29% or $1.40/share to $18.29. In the past year, the shares have traded as low as $14.01 and as high as $28.85. On average, 1648360 shares of RES exchange hands on a given day and today's volume is recorded at 1452651. 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 $21.62 area but be careful because the stock may face selling pressure at this level.