Among the most volatile stocks traded on December 7 were: Powell Industries, Inc, SunPower Corporation, Liquidity Services, Inc, Steiner Leisure Ltd, and VanceInfo Technologies 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 Powell Industries, Inc. (POWL) traded higher by 10.48% or $3.23/share to $34.05. In the past year, the shares have traded as low as $25.76 and as high as $41.64. On average, 44580 shares of POWL exchange hands on a given day and today's volume is recorded at 51170. 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 $34.86 represents resistance and the 50-day moving average of $31.56 would be an area of support.
Shares of SunPower Corporation (SPWR) fell by 2.99% or $-0.21/share to $6.81. In the past year, the shares have traded as low as $6.37 and as high as $23.36. On average, 754750 shares of SPWR exchange hands on a given day and today's volume is recorded at 388210. 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 $8.32 area but be careful because the stock may face selling pressure at this level.
Shares of Liquidity Services, Inc. (LQDT) traded higher by 4.98% or $1.84/share to $38.81. In the past year, the shares have traded as low as $12.58 and as high as $37.14. On average, 347500 shares of LQDT exchange hands on a given day and today's volume is recorded at 505452. 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 $31.71 area where the stock will likely see buying pressure.
Shares of Steiner Leisure Ltd. (STNR) fell by 2.93% or $-1.35/share to $44.67. In the past year, the shares have traded as low as $35.94 and as high as $53.44. On average, 55490 shares of STNR exchange hands on a given day and today's volume is recorded at 10568. 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 $44.82 area but be careful because the stock may face selling pressure at this level.
Shares of VanceInfo Technologies Inc. (VIT) fell by 5.82% or $-0.63/share to $10.2. In the past year, the shares have traded as low as $6.19 and as high as $39.67. On average, 882930 shares of VIT exchange hands on a given day and today's volume is recorded at 204571. 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 $19.93 represents resistance and the 50-day moving average of $9.95 would be an area of support.
