Among the most volatile stocks traded on September 14 were: InterOil Corporation, Spirit Airlines, Inc, Education Management Corporation, Federated Investors, Inc, and Ctrip.com International Ltd. 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 InterOil Corporation (IOC) traded higher by 6.69% or $5.65/share to $90.11. In the past year, the shares have traded as low as $31.18 and as high as $91.88. On average, 658880 shares of IOC exchange hands on a given day and today's volume is recorded at 1134197. 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 $80.35 area where the stock will likely see buying pressure.
Shares of Spirit Airlines, Inc. (SAVE) fell by 12.21% or $-2.40/share to $17.26. In the past year, the shares have traded as low as $10.73 and as high as $24.75. On average, 702200 shares of SAVE exchange hands on a given day and today's volume is recorded at 1992708. 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 $19.30 area where the stock may encounter resistance.
Shares of Education Management Corporation (EDMC) traded higher by 0.28% or $0.01/share to $3.6. In the past year, the shares have traded as low as $2.84 and as high as $29.90. On average, 310650 shares of EDMC exchange hands on a given day and today's volume is recorded at 31941. 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 $4.03 area but be careful because the stock may face selling pressure at this level.
Shares of Federated Investors, Inc. (FII) traded higher by 1.29% or $0.28/share to $21.99. In the past year, the shares have traded as low as $13.86 and as high as $23.36. On average, 1013480 shares of FII exchange hands on a given day and today's volume is recorded at 251592. 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 $20.79 area where the stock will likely see buying pressure.
Shares of Ctrip.com International Ltd. (CTRP) traded higher by 8.84% or $1.53/share to $18.83. In the past year, the shares have traded as low as $12.36 and as high as $38.95. On average, 2791010 shares of CTRP exchange hands on a given day and today's volume is recorded at 1467268. 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 $20.41 represents resistance and the 50-day moving average of $15.04 would be an area of support.
