Among the most volatile stocks traded on November 17 were: Western Refining Inc, Ubiquiti Networks, Inc, Simcere Pharmaceutical Group, IDEXX Laboratories, Inc, and OfficeMax Incorporated. 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 Western Refining Inc. (WNR) fell by 7.68% or $-1.03/share to $12.39. In the past year, the shares have traded as low as $8.00 and as high as $21.75. On average, 3230730 shares of WNR exchange hands on a given day and today's volume is recorded at 4726852. 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 $15.53 area but be careful because the stock may face selling pressure at this level.
Shares of Ubiquiti Networks, Inc. (UBNT) traded higher by 6.23% or $1.25/share to $21.3. In the past year, the shares have traded as low as $16.25 and as high as $21.50. On average, 259149 shares of UBNT exchange hands on a given day and today's volume is recorded at 61505. 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 $19.33 area.
Shares of Simcere Pharmaceutical Group. (SCR) fell by 1.93% or $-0.15/share to $7.61. In the past year, the shares have traded as low as $7.72 and as high as $13.75. On average, 54600 shares of SCR exchange hands on a given day and today's volume is recorded at 17876. 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 $9.12 area but be careful because the stock may face selling pressure at this level.
Shares of IDEXX Laboratories, Inc. (IDXX) traded higher by 6.58% or $4.75/share to $76.89. In the past year, the shares have traded as low as $62.60 and as high as $87.29. On average, 355070 shares of IDXX exchange hands on a given day and today's volume is recorded at 734717. 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 $76.35 area.
Shares of OfficeMax Incorporated (OMX) fell by 3.58% or $-0.19/share to $5.12. In the past year, the shares have traded as low as $3.90 and as high as $19.20. On average, 2325800 shares of OMX exchange hands on a given day and today's volume is recorded at 818443. 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 $5.16 area but be careful because the stock may face selling pressure at this level.
