Among the most volatile stocks traded on December 12 were: Harbinger Group Inc, Richmont Mines Inc, Ariad Pharmaceuticals Inc, Lexicon Pharmaceuticals, Inc, and Diamond Foods, 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 Harbinger Group Inc. (HRG) fell by 6.93% or $-0.32/share to $4.3. In the past year, the shares have traded as low as $2.75 and as high as $6.60. On average, 35230 shares of HRG exchange hands on a given day and today's volume is recorded at 15516. 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 $4.86 area but be careful because the stock may face selling pressure at this level.
Shares of Richmont Mines Inc. (RIC) fell by 5.96% or $-0.73/share to $11.52. In the past year, the shares have traded as low as $4.28 and as high as $13.40. On average, 574100 shares of RIC exchange hands on a given day and today's volume is recorded at 401067. 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 $11.20 area where the stock will likely see buying pressure.
Shares of Ariad Pharmaceuticals Inc. (ARIA) fell by 2.92% or $-0.34/share to $11.29. In the past year, the shares have traded as low as $4.24 and as high as $13.50. On average, 3154660 shares of ARIA exchange hands on a given day and today's volume is recorded at 3113698. 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 $10.77 area where the stock will likely see buying pressure.
Shares of Lexicon Pharmaceuticals, Inc. (LXRX) fell by 7.09% or $-0.09/share to $1.18. In the past year, the shares have traded as low as $0.81 and as high as $2.30. On average, 678480 shares of LXRX exchange hands on a given day and today's volume is recorded at 107469. 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 $1.45 represents resistance and the 50-day moving average of $1.10 would be an area of support.
Shares of Diamond Foods, Inc. (DMND) fell by 22.14% or $-8.98/share to $31.58. In the past year, the shares have traded as low as $26.37 and as high as $96.08. On average, 1725000 shares of DMND exchange hands on a given day and today's volume is recorded at 5906530. 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 $51.47 area but be careful because the stock may face selling pressure at this level.
