Among the most volatile stocks traded on April 5 were: Himax Technologies, Inc, SunCoke Energy Inc, Corrections Corporation of America, FelCor Lodging Trust Inc, and InterOil 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 Himax Technologies, Inc. (HIMX) traded higher by 17.71% or $0.34/share to $2.26. In the past year, the shares have traded as low as $0.97 and as high as $2.42. On average, 627130 shares of HIMX exchange hands on a given day and today's volume is recorded at 1110777. 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 $1.72 area where the stock will likely see buying pressure.
Shares of SunCoke Energy Inc. (SXC) traded higher by 5.86% or $0.82/share to $14.82. In the past year, the shares have traded as low as $9.20 and as high as $18.00. On average, 1475800 shares of SXC exchange hands on a given day and today's volume is recorded at 117724. 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 $14.32 area where the stock will likely see buying pressure.
Shares of Corrections Corporation of America (CXW) traded higher by 4.96% or $1.35/share to $28.56. In the past year, the shares have traded as low as $18.41 and as high as $27.64. On average, 719690 shares of CXW exchange hands on a given day and today's volume is recorded at 4044649. 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 $25.00 area where the stock will likely see buying pressure.
Shares of FelCor Lodging Trust Inc. (FCH) traded higher by 9.17% or $0.33/share to $3.93. In the past year, the shares have traded as low as $1.91 and as high as $6.68. On average, 955350 shares of FCH exchange hands on a given day and today's volume is recorded at 827250. 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 $3.86 area where the stock will likely see buying pressure.
Shares of InterOil Corporation (IOC) fell by 8.61% or $-4.85/share to $51.48. In the past year, the shares have traded as low as $31.18 and as high as $75.87. On average, 753430 shares of IOC exchange hands on a given day and today's volume is recorded at 1212658. 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 $56.58 area where the stock may encounter resistance.
