Among the most volatile stocks traded on September 20 were: Rite Aid Corp, Northern Dynasty Minerals Ltd, CapLease, Inc, Peregrine Pharmaceuticals Inc, and Amedisys 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 Rite Aid Corp. (RAD) fell by 3.82% or $-0.05/share to $1.26. In the past year, the shares have traded as low as $0.85 and as high as $2.12. On average, 5594830 shares of RAD exchange hands on a given day and today's volume is recorded at 13018821. 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 $1.39 represents resistance and the 50-day moving average of $1.23 would be an area of support.
Shares of Northern Dynasty Minerals Ltd. (NAK) traded higher by 2.0% or $0.10/share to $5.12. In the past year, the shares have traded as low as $2.20 and as high as $8.82. On average, 324240 shares of NAK exchange hands on a given day and today's volume is recorded at 539898. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $4.75 area.
Shares of CapLease, Inc. (LSE) traded higher by 0.19% or $0.01/share to $5.21. In the past year, the shares have traded as low as $2.91 and as high as $5.27. On average, 199570 shares of LSE exchange hands on a given day and today's volume is recorded at 177236. 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 $4.78 area where the stock will likely see buying pressure.
Shares of Peregrine Pharmaceuticals Inc. (PPHM) remained unchanged at $4.89. In the past year, the shares have traded as low as $0.39 and as high as $5.14. On average, 4192479 shares of PPHM exchange hands on a given day and today's volume is recorded at 3888436. 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 $2.44 area where the stock will likely see buying pressure.
Shares of Amedisys Inc. (AMED) traded higher by 0.4% or $0.06/share to $15.19. In the past year, the shares have traded as low as $9.12 and as high as $15.95. On average, 300730 shares of AMED exchange hands on a given day and today's volume is recorded at 56862. 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 $13.80 area where the stock will likely see buying pressure.
