Among the most volatile stocks traded on December 9 were: Stamps.com Inc, Titan Machinery, Inc, Harry Winston Diamond Corporation, Central European Distribution Corp, and IntraLinks Holdings, 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 Stamps.com Inc. (STMP) fell by 3.29% or $-0.82/share to $24.07. In the past year, the shares have traded as low as $10.95 and as high as $33.73. On average, 499830 shares of STMP exchange hands on a given day and today's volume is recorded at 249212. 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 $26.10 represents resistance and the 200-day moving average of $17.43 would be an area of support.
Shares of Titan Machinery, Inc. (TITN) traded higher by 2.23% or $0.51/share to $23.4. In the past year, the shares have traded as low as $15.58 and as high as $32.03. On average, 285940 shares of TITN exchange hands on a given day and today's volume is recorded at 406837. 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 $25.10 represents resistance and the 50-day moving average of $21.34 would be an area of support.
Shares of Harry Winston Diamond Corporation (HWD) traded higher by 4.19% or $0.44/share to $10.93. In the past year, the shares have traded as low as $9.14 and as high as $18.23. On average, 255400 shares of HWD exchange hands on a given day and today's volume is recorded at 103111. 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 $11.06 area but be careful because the stock may face selling pressure at this level.
Shares of Central European Distribution Corp. (CEDC) fell by 6.46% or $-0.39/share to $5.65. In the past year, the shares have traded as low as $2.75 and as high as $26.41. On average, 2589360 shares of CEDC exchange hands on a given day and today's volume is recorded at 646436. 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 $9.00 represents resistance and the 50-day moving average of $5.23 would be an area of support.
Shares of IntraLinks Holdings, Inc. (IL) traded higher by 7.01% or $0.41/share to $6.26. In the past year, the shares have traded as low as $4.74 and as high as $32.25. On average, 848530 shares of IL exchange hands on a given day and today's volume is recorded at 284841. 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 $6.90 area but be careful because the stock may face selling pressure at this level.
