Among the most volatile stocks traded on November 7 were: Ceragon Networks Ltd, E-House (China) Holdings Limited, Orbotech Ltd, Rentech, Inc, and Tesco 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 Ceragon Networks Ltd. (CRNT) fell by 15.56% or $-1.61/share to $8.74. In the past year, the shares have traded as low as $9.07 and as high as $14.34. On average, 191850 shares of CRNT exchange hands on a given day and today's volume is recorded at 373505. 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 $9.98 area but be careful because the stock may face selling pressure at this level.
Shares of E-House (China) Holdings Limited (EJ) fell by 2.34% or $-0.17/share to $7.08. In the past year, the shares have traded as low as $5.00 and as high as $17.54. On average, 420020 shares of EJ exchange hands on a given day and today's volume is recorded at 86330. 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 $9.50 represents resistance and the 50-day moving average of $6.51 would be an area of support.
Shares of Orbotech Ltd. (ORBK) fell by 7.98% or $-0.85/share to $9.8. In the past year, the shares have traded as low as $8.95 and as high as $15.62. On average, 95720 shares of ORBK exchange hands on a given day and today's volume is recorded at 95356. 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 $10.15 area but be careful because the stock may face selling pressure at this level.
Shares of Rentech, Inc. (RTK) fell by 6.71% or $-0.11/share to $1.53. In the past year, the shares have traded as low as $0.72 and as high as $1.98. On average, 2392250 shares of RTK exchange hands on a given day and today's volume is recorded at 1992057. 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 $1.08 area.
Shares of Tesco Corporation (TESO) fell by 15.48% or $-2.53/share to $13.81. In the past year, the shares have traded as low as $10.01 and as high as $23.39. On average, 257810 shares of TESO exchange hands on a given day and today's volume is recorded at 295110. 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 $14.39 area but be careful because the stock may face selling pressure at this level.
