Among the most volatile stocks traded on December 2 were: Lumos Networks Corp, Barnes & Noble, Inc, Dynegy Inc, Clearwire Corporation, and Cninsure 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 1.48% or $-0.22/share to $14.65. In the past year, the shares have traded as low as $11.10 and as high as $17.99. On average, 94110 shares of LMOS exchange hands on a given day and today's volume is recorded at 44916. 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 $14.83 area but be careful because the stock may face selling pressure at this level.
Shares of Barnes & Noble, Inc. (BKS) traded higher by 10.76% or $1.57/share to $16.16. In the past year, the shares have traded as low as $10.30 and as high as $18.73. On average, 1425250 shares of BKS exchange hands on a given day and today's volume is recorded at 1518138. 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 $13.25 area.
Shares of Dynegy Inc. (DYN) traded higher by 4.42% or $0.13/share to $3.07. In the past year, the shares have traded as low as $2.22 and as high as $6.92. On average, 2370230 shares of DYN exchange hands on a given day and today's volume is recorded at 703606. 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 $3.44 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) fell by 2.46% or $-0.05/share to $1.98. In the past year, the shares have traded as low as $1.24 and as high as $6.80. On average, 8031190 shares of CLWR exchange hands on a given day and today's volume is recorded at 8489910. 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 $3.52 represents resistance and the 50-day moving average of $1.84 would be an area of support.
Shares of Cninsure Inc. (CISG) traded higher by 9.16% or $0.59/share to $7.03. In the past year, the shares have traded as low as $5.28 and as high as $22.37. On average, 504230 shares of CISG exchange hands on a given day and today's volume is recorded at 672600. 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 $12.21 represents resistance and the 50-day moving average of $6.95 would be an area of support.
