Among the most volatile stocks traded on April 9 were: McMoRan Exploration Co, Titan Machinery, Inc, SodaStream International Ltd, Grupo Simec S.A.B. de C.V, and Centene Corp. 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 McMoRan Exploration Co. (MMR) fell by 4.42% or $-0.43/share to $9.29. In the past year, the shares have traded as low as $8.25 and as high as $19.26. On average, 2768440 shares of MMR exchange hands on a given day and today's volume is recorded at 1707142. 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 $12.90 area but be careful because the stock may face selling pressure at this level.
Shares of Titan Machinery, Inc. (TITN) traded higher by 6.48% or $1.77/share to $29.09. In the past year, the shares have traded as low as $15.58 and as high as $32.03. On average, 185740 shares of TITN exchange hands on a given day and today's volume is recorded at 256280. 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 $26.54 area where the stock will likely see buying pressure.
Shares of SodaStream International Ltd. (SODA) traded higher by 3.72% or $1.24/share to $34.55. In the past year, the shares have traded as low as $27.60 and as high as $79.72. On average, 1394480 shares of SODA exchange hands on a given day and today's volume is recorded at 513141. 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 $37.96 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Simec S.A.B. de C.V. (SIM) fell by 2.36% or $-0.24/share to $9.92. In the past year, the shares have traded as low as $5.53 and as high as $10.50. On average, 30150 shares of SIM exchange hands on a given day and today's volume is recorded at 15292. 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 $8.55 area where the stock will likely see buying pressure.
Shares of Centene Corp. (CNC) fell by 12.01% or $-6.10/share to $44.7. In the past year, the shares have traded as low as $25.28 and as high as $50.98. On average, 605490 shares of CNC exchange hands on a given day and today's volume is recorded at 724537. 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 $47.11 represents resistance and the 200-day moving average of $37.49 would be an area of support.
