Among the most volatile stocks traded on February 28 were: Noah Holdings Limited, Overseas Shipholding Group Inc, Fresh Del Monte Produce Inc, Microvision Inc, and VIVUS 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 Noah Holdings Limited (NOAH) fell by 2.65% or $-0.22/share to $8.09. In the past year, the shares have traded as low as $5.73 and as high as $18.45. On average, 176290 shares of NOAH exchange hands on a given day and today's volume is recorded at 167172. 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 $9.74 represents resistance and the 50-day moving average of $6.60 would be an area of support.
Shares of Overseas Shipholding Group Inc. (OSG) fell by 5.85% or $-0.58/share to $9.33. In the past year, the shares have traded as low as $9.05 and as high as $34.00. On average, 807050 shares of OSG exchange hands on a given day and today's volume is recorded at 595211. 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 $11.52 area but be careful because the stock may face selling pressure at this level.
Shares of Fresh Del Monte Produce Inc. (FDP) fell by 6.24% or $-1.56/share to $23.42. In the past year, the shares have traded as low as $21.08 and as high as $27.79. On average, 183750 shares of FDP exchange hands on a given day and today's volume is recorded at 501847. 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 $24.69 area but be careful because the stock may face selling pressure at this level.
Shares of Microvision Inc. (MVIS) traded higher by 5.72% or $0.19/share to $3.51. In the past year, the shares have traded as low as $2.48 and as high as $13.76. On average, 175620 shares of MVIS exchange hands on a given day and today's volume is recorded at 129410. 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 $6.29 represents resistance and the 50-day moving average of $3.42 would be an area of support.
Shares of VIVUS Inc. (VVUS) fell by 4.97% or $-1.18/share to $22.6. In the past year, the shares have traded as low as $6.00 and as high as $25.14. On average, 4311760 shares of VVUS exchange hands on a given day and today's volume is recorded at 8275920. 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 $11.90 area where the stock will likely see buying pressure.
