Among the most volatile stocks traded on December 28 were: Taseko Mines Ltd, Rex Energy Corporation, Scientific Games Corporation, Suntech Power Holdings Co. Ltd, and US Gold 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 Taseko Mines Ltd. (TGB) fell by 2.33% or $-0.06/share to $2.52. In the past year, the shares have traded as low as $2.30 and as high as $6.38. On average, 1048800 shares of TGB exchange hands on a given day and today's volume is recorded at 435093. 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 $3.10 area but be careful because the stock may face selling pressure at this level.
Shares of Rex Energy Corporation (REXX) fell by 5.45% or $-0.85/share to $14.75. In the past year, the shares have traded as low as $9.67 and as high as $18.00. On average, 958520 shares of REXX exchange hands on a given day and today's volume is recorded at 168189. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $15.27 represents resistance and the 200-day moving average of $12.68 would be an area of support.
Shares of Scientific Games Corporation (SGMS) fell by 2.54% or $-0.24/share to $9.22. In the past year, the shares have traded as low as $6.50 and as high as $11.27. On average, 544050 shares of SGMS exchange hands on a given day and today's volume is recorded at 383532. 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 $8.81 area.
Shares of Suntech Power Holdings Co. Ltd. (STP) fell by 5.07% or $-0.11/share to $2.06. In the past year, the shares have traded as low as $1.70 and as high as $10.83. On average, 3862810 shares of STP exchange hands on a given day and today's volume is recorded at 841433. 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 $2.48 area but be careful because the stock may face selling pressure at this level.
Shares of US Gold Corporation (UXG) fell by 3.8% or $-0.12/share to $3.04. In the past year, the shares have traded as low as $2.93 and as high as $9.87. On average, 2641770 shares of UXG exchange hands on a given day and today's volume is recorded at 852660. 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 $4.04 area but be careful because the stock may face selling pressure at this level.
