Among the most volatile stocks traded on November 21 were: Zillow, Inc, RDA Microelectronics, Inc, Regeneron Pharmaceuticals, Inc, Magnum Hunter Resources Corp, and Idenix Pharmaceuticals 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 Zillow, Inc. (Z) fell by 11.65% or $-3.15/share to $23.9. In the past year, the shares have traded as low as $23.43 and as high as $60.01. On average, 146670 shares of Z exchange hands on a given day and today's volume is recorded at 241908. 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 $28.56 area but be careful because the stock may face selling pressure at this level.
Shares of RDA Microelectronics, Inc. (RDA) fell by 9.12% or $-1.10/share to $10.96. In the past year, the shares have traded as low as $7.06 and as high as $18.20. On average, 44890 shares of RDA exchange hands on a given day and today's volume is recorded at 22343. 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 $10.72 area.
Shares of Regeneron Pharmaceuticals, Inc. (REGN) traded higher by 9.61% or $4.79/share to $54.6. In the past year, the shares have traded as low as $24.63 and as high as $79.91. On average, 1303820 shares of REGN exchange hands on a given day and today's volume is recorded at 2091519. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $59.59 represents resistance and the 200-day moving average of $52.66 would be an area of support.
Shares of Magnum Hunter Resources Corp. (MHR) fell by 2.04% or $-0.09/share to $4.33. In the past year, the shares have traded as low as $2.33 and as high as $8.66. On average, 3912930 shares of MHR exchange hands on a given day and today's volume is recorded at 766590. 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 $6.07 represents resistance and the 50-day moving average of $4.23 would be an area of support.
Shares of Idenix Pharmaceuticals Inc. (IDIX) traded higher by 0.67% or $0.05/share to $7.46. In the past year, the shares have traded as low as $2.67 and as high as $7.72. On average, 651250 shares of IDIX exchange hands on a given day and today's volume is recorded at 709366. 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 $5.72 area where the stock will likely see buying pressure.
