Among the most volatile stocks traded on December 2 were: Avalon Rare Metals Inc, Inhibitex, Inc, Shutterfly, Inc, Ship Finance International Limited, and Rubicon Minerals 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 Avalon Rare Metals Inc. (AVL) fell by 4.32% or $-0.14/share to $3.1. In the past year, the shares have traded as low as $2.29 and as high as $10.11. On average, 1031450 shares of AVL exchange hands on a given day and today's volume is recorded at 396685. 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 $5.74 represents resistance and the 50-day moving average of $3.10 would be an area of support.
Shares of Inhibitex, Inc. (INHX) fell by 0.26% or $-0.04/share to $15.1. In the past year, the shares have traded as low as $2.00 and as high as $16.49. On average, 2073900 shares of INHX exchange hands on a given day and today's volume is recorded at 1685456. 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 $6.03 area where the stock will likely see buying pressure.
Shares of Shutterfly, Inc. (SFLY) traded higher by 10.21% or $2.81/share to $30.38. In the past year, the shares have traded as low as $26.60 and as high as $66.71. On average, 1140330 shares of SFLY exchange hands on a given day and today's volume is recorded at 1089652. 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 $40.90 area but be careful because the stock may face selling pressure at this level.
Shares of Ship Finance International Limited (SFL) traded higher by 7.12% or $0.71/share to $10.68. In the past year, the shares have traded as low as $9.20 and as high as $21.61. On average, 516840 shares of SFL exchange hands on a given day and today's volume is recorded at 408499. 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 $13.27 area but be careful because the stock may face selling pressure at this level.
Shares of Rubicon Minerals Corporation (RBY) traded higher by 10.14% or $0.37/share to $4.02. In the past year, the shares have traded as low as $2.87 and as high as $6.09. On average, 762700 shares of RBY exchange hands on a given day and today's volume is recorded at 3218392. 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 $4.24 represents resistance and the 50-day moving average of $3.66 would be an area of support.
