Among the most volatile stocks traded on December 5 were: Lumos Networks Corp, Concur Technologies, Inc, MGIC Investment Corp, TransAtlantic Petroleum Ltd, and Gannett Co., 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 Lumos Networks Corp (LMOS) fell by 2.0% or $-0.29/share to $14.19. In the past year, the shares have traded as low as $11.10 and as high as $17.99. On average, 93530 shares of LMOS exchange hands on a given day and today's volume is recorded at 12667. 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 $14.82 area but be careful because the stock may face selling pressure at this level.
Shares of Concur Technologies, Inc. (CNQR) traded higher by 11.68% or $5.48/share to $52.37. In the past year, the shares have traded as low as $34.30 and as high as $58.20. On average, 528610 shares of CNQR exchange hands on a given day and today's volume is recorded at 1791013. 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 $46.93 area.
Shares of MGIC Investment Corp. (MTG) traded higher by 10.78% or $0.33/share to $3.39. In the past year, the shares have traded as low as $1.51 and as high as $11.79. On average, 7471300 shares of MTG exchange hands on a given day and today's volume is recorded at 4146823. 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 $5.29 represents resistance and the 50-day moving average of $2.48 would be an area of support.
Shares of TransAtlantic Petroleum Ltd. (TAT) traded higher by 1.46% or $0.02/share to $1.39. In the past year, the shares have traded as low as $0.57 and as high as $3.59. On average, 970580 shares of TAT exchange hands on a given day and today's volume is recorded at 1075195. 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 $1.81 represents resistance and the 50-day moving average of $1.00 would be an area of support.
Shares of Gannett Co., Inc. (GCI) traded higher by 12.51% or $1.49/share to $13.4. In the past year, the shares have traded as low as $8.28 and as high as $18.68. On average, 4876770 shares of GCI exchange hands on a given day and today's volume is recorded at 5237950. 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 $12.81 area.
