Among the most volatile stocks traded on November 17 were: Rambus Inc, Perry Ellis International Inc, ATP Oil & Gas Corp, ACCO Brands Corporation, and Salix Pharmaceuticals Ltd. 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 Rambus Inc. (RMBS) traded higher by 13.5% or $0.96/share to $8.07. In the past year, the shares have traded as low as $4.00 and as high as $22.80. On average, 2021960 shares of RMBS exchange hands on a given day and today's volume is recorded at 11289593. 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 $15.36 area but be careful because the stock may face selling pressure at this level.
Shares of Perry Ellis International Inc. (PERY) fell by 32.79% or $-7.03/share to $14.41. In the past year, the shares have traded as low as $16.19 and as high as $32.84. On average, 184860 shares of PERY exchange hands on a given day and today's volume is recorded at 1003857. 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 $21.55 area but be careful because the stock may face selling pressure at this level.
Shares of ATP Oil & Gas Corp. (ATPG) traded higher by 10.51% or $0.70/share to $7.36. In the past year, the shares have traded as low as $5.53 and as high as $21.40. On average, 2289140 shares of ATPG exchange hands on a given day and today's volume is recorded at 1603269. 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 $9.62 area but be careful because the stock may face selling pressure at this level.
Shares of ACCO Brands Corporation (ABD) traded higher by 12.79% or $0.89/share to $7.85. In the past year, the shares have traded as low as $4.33 and as high as $10.39. On average, 290760 shares of ABD exchange hands on a given day and today's volume is recorded at 1573638. 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 $7.69 area.
Shares of Salix Pharmaceuticals Ltd. (SLXP) traded higher by 10.18% or $3.45/share to $37.35. In the past year, the shares have traded as low as $25.64 and as high as $49.05. On average, 966450 shares of SLXP exchange hands on a given day and today's volume is recorded at 1141070. 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 $35.24 area.
