Among the most volatile stocks traded on November 8 were: Fabrinet, Exide Technologies, Dynegy Inc, Targacept, Inc, and Solazyme, 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 Fabrinet (FN) traded higher by 15.95% or $2.19/share to $15.92. In the past year, the shares have traded as low as $11.54 and as high as $32.91. On average, 261750 shares of FN exchange hands on a given day and today's volume is recorded at 151821. 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 $16.87 area but be careful because the stock may face selling pressure at this level.
Shares of Exide Technologies (XIDE) fell by 30.8% or $-1.38/share to $3.1. In the past year, the shares have traded as low as $3.59 and as high as $12.68. On average, 869710 shares of XIDE exchange hands on a given day and today's volume is recorded at 1990777. 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 $4.64 area but be careful because the stock may face selling pressure at this level.
Shares of Dynegy Inc. (DYN) traded higher by 29.49% or $0.87/share to $3.82. In the past year, the shares have traded as low as $2.35 and as high as $6.92. On average, 2230640 shares of DYN exchange hands on a given day and today's volume is recorded at 6021446. 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 $4.23 area but be careful because the stock may face selling pressure at this level.
Shares of Targacept, Inc. (TRGT) fell by 56.64% or $-10.83/share to $8.29. In the past year, the shares have traded as low as $14.42 and as high as $30.47. On average, 393780 shares of TRGT exchange hands on a given day and today's volume is recorded at 6091251. 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 $16.55 area but be careful because the stock may face selling pressure at this level.
Shares of Solazyme, Inc. (SZYM) traded higher by 23.96% or $2.24/share to $11.61. In the past year, the shares have traded as low as $7.68 and as high as $27.46. On average, 359220 shares of SZYM exchange hands on a given day and today's volume is recorded at 269768. 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 $16.38 represents resistance and the 50-day moving average of $10.54 would be an area of support.
