Among the most volatile stocks traded on December 9 were: KiOR, Inc, Spectrum Pharmaceuticals, Inc, Pharmacyclics Inc, Conns Inc, and Scientific Games 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 KiOR, Inc. (KIOR) traded higher by 6.73% or $0.82/share to $13.0. In the past year, the shares have traded as low as $8.88 and as high as $23.85. On average, 120570 shares of KIOR exchange hands on a given day and today's volume is recorded at 14910. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $15.07 area where the stock may encounter resistance.
Shares of Spectrum Pharmaceuticals, Inc. (SPPI) fell by 7.96% or $-1.16/share to $13.42. In the past year, the shares have traded as low as $5.28 and as high as $15.09. On average, 1130190 shares of SPPI exchange hands on a given day and today's volume is recorded at 2148839. 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 $10.89 area where the stock will likely see buying pressure.
Shares of Pharmacyclics Inc. (PCYC) fell by 13.13% or $-1.92/share to $12.7. In the past year, the shares have traded as low as $4.75 and as high as $15.82. On average, 734210 shares of PCYC exchange hands on a given day and today's volume is recorded at 1869762. 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 $12.80 represents resistance and the 200-day moving average of $9.64 would be an area of support.
Shares of Conns Inc. (CONN) traded higher by 3.0% or $0.36/share to $12.35. In the past year, the shares have traded as low as $3.52 and as high as $12.89. On average, 259579 shares of CONN exchange hands on a given day and today's volume is recorded at 134832. 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 $9.43 area where the stock will likely see buying pressure.
Shares of Scientific Games Corporation (SGMS) traded higher by 2.63% or $0.22/share to $8.59. In the past year, the shares have traded as low as $6.50 and as high as $11.27. On average, 582710 shares of SGMS exchange hands on a given day and today's volume is recorded at 79479. 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 $8.85 represents resistance and the 50-day moving average of $8.18 would be an area of support.
