Among the most volatile stocks traded on December 28 were: Augusta Resource Corp, Zygo Corporation, Hyperdynamics Corporation, Northern Dynasty Minerals Ltd, and Harleysville Group 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 Augusta Resource Corp. (AZC) fell by 2.61% or $-0.08/share to $2.98. In the past year, the shares have traded as low as $2.65 and as high as $6.29. On average, 201000 shares of AZC exchange hands on a given day and today's volume is recorded at 81873. 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 Zygo Corporation (ZIGO) fell by 6.98% or $-1.25/share to $16.67. In the past year, the shares have traded as low as $9.40 and as high as $18.65. On average, 71470 shares of ZIGO exchange hands on a given day and today's volume is recorded at 128834. 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 $16.12 area where the stock will likely see buying pressure.
Shares of Hyperdynamics Corporation (HDY) traded higher by 7.33% or $0.16/share to $2.38. In the past year, the shares have traded as low as $2.01 and as high as $7.77. On average, 3055040 shares of HDY exchange hands on a given day and today's volume is recorded at 3275218. 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 $3.70 area but be careful because the stock may face selling pressure at this level.
Shares of Northern Dynasty Minerals Ltd. (NAK) fell by 2.41% or $-0.14/share to $5.67. In the past year, the shares have traded as low as $4.87 and as high as $21.76. On average, 319490 shares of NAK exchange hands on a given day and today's volume is recorded at 84507. 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 $7.19 area but be careful because the stock may face selling pressure at this level.
Shares of Harleysville Group Inc. (HGIC) fell by 4.82% or $-2.83/share to $55.9. In the past year, the shares have traded as low as $24.75 and as high as $59.76. On average, 221540 shares of HGIC exchange hands on a given day and today's volume is recorded at 1494987. 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 $59.01 represents resistance and the 200-day moving average of $38.93 would be an area of support.
