Among the most volatile stocks traded on July 16 were: Alnylam Pharmaceuticals, Inc, Woodward, Inc, TNS Inc, Gardner Denver Inc, and Hi Tech Pharmacal Co. 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 Alnylam Pharmaceuticals, Inc. (ALNY) traded higher by 45.77% or $5.73/share to $18.25. In the past year, the shares have traded as low as $5.88 and as high as $13.75. On average, 292230 shares of ALNY exchange hands on a given day and today's volume is recorded at 5790543. 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 $11.16 area where the stock will likely see buying pressure.
Shares of Woodward, Inc. (WWD) fell by 5.24% or $-1.89/share to $34.16. In the past year, the shares have traded as low as $24.20 and as high as $45.83. On average, 339250 shares of WWD exchange hands on a given day and today's volume is recorded at 1541034. 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 $38.16 area but be careful because the stock may face selling pressure at this level.
Shares of TNS Inc. (TNS) traded higher by 1.29% or $0.24/share to $18.84. In the past year, the shares have traded as low as $13.43 and as high as $22.84. On average, 102600 shares of TNS exchange hands on a given day and today's volume is recorded at 43090. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $19.12 represents resistance and the 50-day moving average of $18.15 would be an area of support.
Shares of Gardner Denver Inc. (GDI) fell by 8.92% or $-4.71/share to $48.07. In the past year, the shares have traded as low as $47.74 and as high as $92.66. On average, 746430 shares of GDI exchange hands on a given day and today's volume is recorded at 4075145. 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 $54.16 area but be careful because the stock may face selling pressure at this level.
Shares of Hi Tech Pharmacal Co. Inc. (HITK) traded higher by 9.98% or $2.92/share to $32.19. In the past year, the shares have traded as low as $23.72 and as high as $44.58. On average, 93590 shares of HITK exchange hands on a given day and today's volume is recorded at 205820. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $35.20 represents resistance and the 50-day moving average of $30.25 would be an area of support.
