Among the most volatile stocks traded on November 7 were: Diamond Foods, Inc, TransAtlantic Petroleum Ltd, Transcend Services, Inc, Optimer Pharmaceuticals, Inc, and HMS Holdings Corp. 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 Diamond Foods, Inc. (DMND) fell by 11.03% or $-5.12/share to $41.28. In the past year, the shares have traded as low as $43.85 and as high as $96.07. On average, 702820 shares of DMND exchange hands on a given day and today's volume is recorded at 1972610. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $66.39 area where the stock may encounter resistance.
Shares of TransAtlantic Petroleum Ltd. (TAT) traded higher by 3.77% or $0.04/share to $1.1. In the past year, the shares have traded as low as $0.57 and as high as $3.59. On average, 1124570 shares of TAT exchange hands on a given day and today's volume is recorded at 587286. 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 $1.98 represents resistance and the 50-day moving average of $0.94 would be an area of support.
Shares of Transcend Services, Inc. (TRCR) fell by 13.95% or $-3.97/share to $24.48. In the past year, the shares have traded as low as $15.27 and as high as $30.25. On average, 60370 shares of TRCR exchange hands on a given day and today's volume is recorded at 81239. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $24.70 area where the stock may encounter resistance.
Shares of Optimer Pharmaceuticals, Inc. (OPTR) fell by 7.51% or $-0.93/share to $11.45. In the past year, the shares have traded as low as $6.81 and as high as $17.95. On average, 1330550 shares of OPTR exchange hands on a given day and today's volume is recorded at 852771. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $12.23 area where the stock may encounter resistance.
Shares of HMS Holdings Corp. (HMSY) traded higher by 11.94% or $3.00/share to $28.13. In the past year, the shares have traded as low as $19.78 and as high as $28.27. On average, 662330 shares of HMSY exchange hands on a given day and today's volume is recorded at 532072. 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 $25.34 area where the stock will likely see buying pressure.
