Among the most volatile stocks traded on December 8 were: Great Basin Gold Ltd, Tanzanian Royalty Exploration Corp, Methode Electronics Inc, Imperva Inc, and LDK Solar Co., 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 Great Basin Gold Ltd. (GBG) fell by 7.56% or $-0.09/share to $1.1. In the past year, the shares have traded as low as $0.86 and as high as $3.04. On average, 3035950 shares of GBG exchange hands on a given day and today's volume is recorded at 1159868. 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 $1.38 area but be careful because the stock may face selling pressure at this level.
Shares of Tanzanian Royalty Exploration Corp. (TRX) fell by 7.17% or $-0.22/share to $2.85. In the past year, the shares have traded as low as $1.56 and as high as $7.82. On average, 893320 shares of TRX exchange hands on a given day and today's volume is recorded at 137737. 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 $3.30 area but be careful because the stock may face selling pressure at this level.
Shares of Methode Electronics Inc. (MEI) fell by 6.2% or $-0.55/share to $8.32. In the past year, the shares have traded as low as $6.97 and as high as $13.37. On average, 139000 shares of MEI exchange hands on a given day and today's volume is recorded at 48630. 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 $8.62 area but be careful because the stock may face selling pressure at this level.
Shares of Imperva Inc. (IMPV) fell by 3.69% or $-1.01/share to $26.35. In the past year, the shares have traded as low as $22.00 and as high as $32.12. On average, 259470 shares of IMPV exchange hands on a given day and today's volume is recorded at 57594. 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 $26.62 area but be careful because the stock may face selling pressure at this level.
Shares of LDK Solar Co., Ltd. (LDK) traded higher by 5.37% or $0.23/share to $4.51. In the past year, the shares have traded as low as $2.55 and as high as $14.97. On average, 2289290 shares of LDK exchange hands on a given day and today's volume is recorded at 2015579. 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 $7.06 represents resistance and the 50-day moving average of $3.45 would be an area of support.
