Among the most volatile stocks traded on December 28 were: Molycorp, Inc, Diamond Foods, Inc, Tesco Corporation, E-Commerce China Dangdang Inc, and Frontline Ltd. 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 Molycorp, Inc. (MCP) fell by 10.68% or $-2.99/share to $25.01. In the past year, the shares have traded as low as $25.60 and as high as $79.17. On average, 4087640 shares of MCP exchange hands on a given day and today's volume is recorded at 3036294. 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 $33.35 area but be careful because the stock may face selling pressure at this level.
Shares of Diamond Foods, Inc. (DMND) traded higher by 5.14% or $1.47/share to $30.05. In the past year, the shares have traded as low as $26.11 and as high as $96.07. On average, 2173120 shares of DMND exchange hands on a given day and today's volume is recorded at 1067653. 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 $41.43 area but be careful because the stock may face selling pressure at this level.
Shares of Tesco Corporation (TESO) fell by 3.56% or $-0.48/share to $13.0. In the past year, the shares have traded as low as $10.01 and as high as $23.39. On average, 238940 shares of TESO exchange hands on a given day and today's volume is recorded at 50791. 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 $13.40 area but be careful because the stock may face selling pressure at this level.
Shares of E-Commerce China Dangdang Inc. (DANG) fell by 4.62% or $-0.21/share to $4.34. In the past year, the shares have traded as low as $4.11 and as high as $36.41. On average, 2060050 shares of DANG exchange hands on a given day and today's volume is recorded at 455655. 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 $5.26 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) fell by 9.21% or $-0.43/share to $4.24. In the past year, the shares have traded as low as $2.52 and as high as $27.41. On average, 2814700 shares of FRO exchange hands on a given day and today's volume is recorded at 970712. 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 $4.39 area but be careful because the stock may face selling pressure at this level.
