Among the most volatile stocks traded on April 12 were: Zoltek Companies Inc, Alexco Resource Corporation, Apogee Enterprises, Inc, Titan Machinery, Inc, and Groupon, 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 Zoltek Companies Inc. (ZOLT) traded higher by 8.56% or $0.88/share to $11.16. In the past year, the shares have traded as low as $5.60 and as high as $15.01. On average, 508480 shares of ZOLT exchange hands on a given day and today's volume is recorded at 190705. 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 $11.44 represents resistance and the 200-day moving average of $8.97 would be an area of support.
Shares of Alexco Resource Corporation (AXU) traded higher by 7.47% or $0.47/share to $6.76. In the past year, the shares have traded as low as $5.73 and as high as $10.28. On average, 340160 shares of AXU exchange hands on a given day and today's volume is recorded at 173896. 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 $7.36 area but be careful because the stock may face selling pressure at this level.
Shares of Apogee Enterprises, Inc. (APOG) fell by 7.86% or $-1.08/share to $12.66. In the past year, the shares have traded as low as $7.68 and as high as $14.97. On average, 96490 shares of APOG exchange hands on a given day and today's volume is recorded at 128906. 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 $13.58 represents resistance and the 200-day moving average of $11.45 would be an area of support.
Shares of Titan Machinery, Inc. (TITN) traded higher by 5.24% or $1.68/share to $33.73. In the past year, the shares have traded as low as $15.58 and as high as $33.39. On average, 251040 shares of TITN exchange hands on a given day and today's volume is recorded at 548448. 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 $26.74 area where the stock will likely see buying pressure.
Shares of Groupon, Inc. (GRPN) traded higher by 3.75% or $0.49/share to $13.57. In the past year, the shares have traded as low as $12.95 and as high as $31.14. On average, 2542300 shares of GRPN exchange hands on a given day and today's volume is recorded at 997610. 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 $18.57 area but be careful because the stock may face selling pressure at this level.
