Among the most volatile stocks traded on November 22 were: Overseas Shipholding Group Inc, Ship Finance International Limited, Dycom Industries Inc, ON Semiconductor Corp, and Cninsure 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 Overseas Shipholding Group Inc. (OSG) fell by 16.93% or $-2.13/share to $10.45. In the past year, the shares have traded as low as $11.41 and as high as $35.81. On average, 790890 shares of OSG exchange hands on a given day and today's volume is recorded at 1164408. 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 $14.18 area but be careful because the stock may face selling pressure at this level.
Shares of Ship Finance International Limited (SFL) fell by 15.74% or $-2.17/share to $11.64. In the past year, the shares have traded as low as $11.15 and as high as $21.62. On average, 389160 shares of SFL exchange hands on a given day and today's volume is recorded at 764941. 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 $13.80 area but be careful because the stock may face selling pressure at this level.
Shares of Dycom Industries Inc. (DY) traded higher by 1.25% or $0.24/share to $19.51. In the past year, the shares have traded as low as $10.96 and as high as $20.95. On average, 476660 shares of DY exchange hands on a given day and today's volume is recorded at 644029. 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 $17.95 area where the stock will likely see buying pressure.
Shares of ON Semiconductor Corp. (ONNN) traded higher by 3.16% or $0.24/share to $7.68. In the past year, the shares have traded as low as $6.53 and as high as $11.96. On average, 8622780 shares of ONNN exchange hands on a given day and today's volume is recorded at 2305625. 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 $9.19 represents resistance and the 50-day moving average of $7.53 would be an area of support.
Shares of Cninsure Inc. (CISG) fell by 10.83% or $-0.85/share to $7.0. In the past year, the shares have traded as low as $5.81 and as high as $23.08. On average, 535410 shares of CISG exchange hands on a given day and today's volume is recorded at 172765. 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 $7.31 area but be careful because the stock may face selling pressure at this level.
