Among the most volatile stocks traded on December 2 were: Cascade Corp, Navios Maritime Holdings Inc, Old Republic International Corp, H&R Block, Inc, and Navios Maritime Partners L.P. 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 Cascade Corp. (CASC) traded higher by 15.85% or $6.67/share to $48.74. In the past year, the shares have traded as low as $31.30 and as high as $55.25. On average, 64720 shares of CASC exchange hands on a given day and today's volume is recorded at 54336. 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 $42.73 area.
Shares of Navios Maritime Holdings Inc. (NM) traded higher by 19.71% or $0.67/share to $4.07. In the past year, the shares have traded as low as $2.83 and as high as $5.82. On average, 530430 shares of NM exchange hands on a given day and today's volume is recorded at 1786872. 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 $4.41 represents resistance and the 50-day moving average of $3.51 would be an area of support.
Shares of Old Republic International Corp. (ORI) traded higher by 9.42% or $0.76/share to $8.83. In the past year, the shares have traded as low as $6.99 and as high as $13.01. On average, 2434150 shares of ORI exchange hands on a given day and today's volume is recorded at 4905725. 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 $10.43 represents resistance and the 50-day moving average of $8.56 would be an area of support.
Shares of H&R Block, Inc. (HRB) fell by 8.65% or $-1.39/share to $14.67. In the past year, the shares have traded as low as $11.08 and as high as $17.63. On average, 3651500 shares of HRB exchange hands on a given day and today's volume is recorded at 4824916. 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 $14.70 area but be careful because the stock may face selling pressure at this level.
Shares of Navios Maritime Partners L.P. (NMM) traded higher by 7.9% or $1.10/share to $15.03. In the past year, the shares have traded as low as $10.78 and as high as $20.00. On average, 266500 shares of NMM exchange hands on a given day and today's volume is recorded at 342857. 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 $16.40 represents resistance and the 50-day moving average of $14.72 would be an area of support.
