Among the most volatile stocks traded on March 22 were: G-III Apparel Group, Ltd, Education Management Corporation, Dish Network Corp, Smith & Wesson Holding Corporation, and Herman Miller 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 G-III Apparel Group, Ltd. (GIII) traded higher by 6.84% or $1.82/share to $28.43. In the past year, the shares have traded as low as $17.31 and as high as $45.38. On average, 179890 shares of GIII exchange hands on a given day and today's volume is recorded at 425419. 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 $26.14 area.
Shares of Education Management Corporation (EDMC) traded higher by 2.09% or $0.34/share to $16.63. In the past year, the shares have traded as low as $13.45 and as high as $29.90. On average, 239580 shares of EDMC exchange hands on a given day and today's volume is recorded at 58777. 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 $20.54 area but be careful because the stock may face selling pressure at this level.
Shares of Dish Network Corp. (DISH) traded higher by 5.53% or $1.79/share to $34.14. In the past year, the shares have traded as low as $19.26 and as high as $32.76. On average, 2558990 shares of DISH exchange hands on a given day and today's volume is recorded at 5005409. 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 $29.41 area where the stock will likely see buying pressure.
Shares of Smith & Wesson Holding Corporation (SWHC) traded higher by 12.75% or $0.88/share to $7.78. In the past year, the shares have traded as low as $2.29 and as high as $7.09. On average, 931930 shares of SWHC exchange hands on a given day and today's volume is recorded at 2240910. 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 $5.45 area where the stock will likely see buying pressure.
Shares of Herman Miller Inc. (MLHR) traded higher by 1.96% or $0.43/share to $22.33. In the past year, the shares have traded as low as $15.60 and as high as $28.85. On average, 391760 shares of MLHR exchange hands on a given day and today's volume is recorded at 364634. 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 $21.15 area where the stock will likely see buying pressure.
