Among the most volatile stocks traded on November 3 were: Jefferies Group, Inc, Fusion-io, Inc, H&E Equipment Services Inc, Symmetry Medical, Inc, and ION Geophysical 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 Jefferies Group, Inc. (JEF) fell by 8.88% or $-1.09/share to $11.18. In the past year, the shares have traded as low as $10.94 and as high as $26.71. On average, 2676250 shares of JEF exchange hands on a given day and today's volume is recorded at 19990410. 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 $13.60 area but be careful because the stock may face selling pressure at this level.
Shares of Fusion-io, Inc. (FIO) traded higher by 4.12% or $1.32/share to $33.32. In the past year, the shares have traded as low as $14.90 and as high as $36.98. On average, 679470 shares of FIO exchange hands on a given day and today's volume is recorded at 1711560. 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 $25.70 area.
Shares of H&E Equipment Services Inc. (HEES) traded higher by 13.64% or $1.48/share to $12.33. In the past year, the shares have traded as low as $6.80 and as high as $20.40. On average, 183900 shares of HEES exchange hands on a given day and today's volume is recorded at 92456. 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 $13.38 represents resistance and the 50-day moving average of $9.44 would be an area of support.
Shares of Symmetry Medical, Inc. (SMA) fell by 7.67% or $-0.69/share to $8.31. In the past year, the shares have traded as low as $7.08 and as high as $10.29. On average, 223580 shares of SMA exchange hands on a given day and today's volume is recorded at 89471. 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 $9.03 represents resistance and the 50-day moving average of $8.15 would be an area of support.
Shares of ION Geophysical Corporation (IO) fell by 9.57% or $-0.73/share to $6.9. In the past year, the shares have traded as low as $4.20 and as high as $13.92. On average, 2409240 shares of IO exchange hands on a given day and today's volume is recorded at 1349382. 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 $9.24 represents resistance and the 50-day moving average of $6.35 would be an area of support.
