Among the most volatile stocks traded on March 22 were: Shoe Carnival Inc, Nationstar Mortgage Holdings In, Jaguar Mining Inc, magicJack VocalTec Ltd, and Mechel OAO. 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 Shoe Carnival Inc. (SCVL) traded higher by 14.94% or $3.96/share to $30.46. In the past year, the shares have traded as low as $19.19 and as high as $34.05. On average, 67320 shares of SCVL exchange hands on a given day and today's volume is recorded at 215393. 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 $26.32 area.
Shares of Nationstar Mortgage Holdings In (NSM) traded higher by 0.5% or $0.07/share to $14.05. In the past year, the shares have traded as low as $13.38 and as high as $14.94. On average, 1687920 shares of NSM exchange hands on a given day and today's volume is recorded at 111128. 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 $14.35 area but be careful because the stock may face selling pressure at this level.
Shares of Jaguar Mining Inc. (JAG) fell by 5.21% or $-0.28/share to $5.09. In the past year, the shares have traded as low as $4.03 and as high as $8.18. On average, 1124790 shares of JAG exchange hands on a given day and today's volume is recorded at 1253972. 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 $5.85 area where the stock may encounter resistance.
Shares of magicJack VocalTec Ltd. (CALL) traded higher by 0.34% or $0.09/share to $26.85. In the past year, the shares have traded as low as $9.50 and as high as $28.22. On average, 327410 shares of CALL exchange hands on a given day and today's volume is recorded at 100768. 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 $19.39 area where the stock will likely see buying pressure.
Shares of Mechel OAO (MTL) fell by 7.38% or $-0.77/share to $9.66. In the past year, the shares have traded as low as $7.76 and as high as $32.20. On average, 2933400 shares of MTL exchange hands on a given day and today's volume is recorded at 3820029. 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 $10.77 area but be careful because the stock may face selling pressure at this level.
