Among the most volatile stocks traded on January 10 were: Hi Tech Pharmacal Co. Inc, Health Management Associates Inc, Francesca's Holdings Corporation, Charles River Laboratories International, Inc, and Hyperdynamics 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 Hi Tech Pharmacal Co. Inc. (HITK) fell by 16.47% or $-6.89/share to $34.95. In the past year, the shares have traded as low as $18.68 and as high as $44.58. On average, 206470 shares of HITK exchange hands on a given day and today's volume is recorded at 1091519. 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 $38.06 represents resistance and the 200-day moving average of $30.59 would be an area of support.
Shares of Health Management Associates Inc. (HMA) fell by 20.11% or $-1.40/share to $5.56. In the past year, the shares have traded as low as $6.06 and as high as $11.74. On average, 3713470 shares of HMA exchange hands on a given day and today's volume is recorded at 30326906. 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 $7.88 area but be careful because the stock may face selling pressure at this level.
Shares of Francesca's Holdings Corporation (FRAN) traded higher by 20.23% or $3.66/share to $21.77. In the past year, the shares have traded as low as $15.22 and as high as $29.74. On average, 193900 shares of FRAN exchange hands on a given day and today's volume is recorded at 346490. 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 $21.49 area.
Shares of Charles River Laboratories International, Inc. (CRL) traded higher by 19.73% or $5.46/share to $33.14. In the past year, the shares have traded as low as $25.52 and as high as $42.84. On average, 703490 shares of CRL exchange hands on a given day and today's volume is recorded at 1183958. 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 $34.37 represents resistance and the 50-day moving average of $28.33 would be an area of support.
Shares of Hyperdynamics Corporation (HDY) fell by 5.08% or $-0.13/share to $2.43. In the past year, the shares have traded as low as $2.01 and as high as $7.78. On average, 3131570 shares of HDY exchange hands on a given day and today's volume is recorded at 1183184. 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 $3.38 area but be careful because the stock may face selling pressure at this level.
