Among the most volatile stocks traded on November 16 were: Eastman Kodak Co, RLJ Lodging Trust, Summit Hotel Properties, Inc, The Active Network, Inc, and Exact Sciences Corporation. 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 Eastman Kodak Co. (EK) traded higher by 2.41% or $0.03/share to $1.19. In the past year, the shares have traded as low as $0.54 and as high as $5.96. On average, 15344590 shares of EK exchange hands on a given day and today's volume is recorded at 2515198. 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 $1.66 area but be careful because the stock may face selling pressure at this level.
Shares of RLJ Lodging Trust (RLJ) traded higher by 9.54% or $1.48/share to $16.99. In the past year, the shares have traded as low as $11.56 and as high as $18.09. On average, 203650 shares of RLJ exchange hands on a given day and today's volume is recorded at 696043. 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 $15.24 area.
Shares of Summit Hotel Properties, Inc. (INN) traded higher by 8.96% or $0.72/share to $8.76. In the past year, the shares have traded as low as $6.16 and as high as $11.48. On average, 163680 shares of INN exchange hands on a given day and today's volume is recorded at 248728. 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 $9.49 represents resistance and the 50-day moving average of $7.92 would be an area of support.
Shares of The Active Network, Inc. (ACTV) traded higher by 7.56% or $1.11/share to $15.8. In the past year, the shares have traded as low as $12.60 and as high as $19.99. On average, 101120 shares of ACTV exchange hands on a given day and today's volume is recorded at 74745. 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 $16.26 represents resistance and the 50-day moving average of $14.50 would be an area of support.
Shares of Exact Sciences Corporation (EXAS) traded higher by 6.23% or $0.51/share to $8.69. In the past year, the shares have traded as low as $4.91 and as high as $9.45. On average, 617720 shares of EXAS exchange hands on a given day and today's volume is recorded at 537325. 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 $7.65 area where the stock will likely see buying pressure.
