Among the most volatile stocks traded on September 20 were: Yelp, Inc, Insight Enterprises Inc, Perry Ellis International Inc, Primero Mining Corp, and AAR 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 Yelp, Inc. (YELP) traded higher by 5.41% or $1.39/share to $27.1. In the past year, the shares have traded as low as $14.10 and as high as $31.96. On average, 1064770 shares of YELP exchange hands on a given day and today's volume is recorded at 696476. 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 $22.69 area where the stock will likely see buying pressure.
Shares of Insight Enterprises Inc. (NSIT) fell by 1.06% or $-0.20/share to $18.59. In the past year, the shares have traded as low as $13.01 and as high as $23.14. On average, 188810 shares of NSIT exchange hands on a given day and today's volume is recorded at 34640. 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 $18.11 area.
Shares of Perry Ellis International Inc. (PERY) traded higher by 1.11% or $0.25/share to $22.71. In the past year, the shares have traded as low as $12.22 and as high as $25.44. On average, 87170 shares of PERY exchange hands on a given day and today's volume is recorded at 13639. 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 $20.12 area where the stock will likely see buying pressure.
Shares of Primero Mining Corp. (PPP) fell by 1.66% or $-0.09/share to $5.05. In the past year, the shares have traded as low as $2.22 and as high as $5.83. On average, 334760 shares of PPP exchange hands on a given day and today's volume is recorded at 544653. 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 $4.05 area where the stock will likely see buying pressure.
Shares of AAR Corp. (AIR) fell by 4.25% or $-0.73/share to $16.44. In the past year, the shares have traded as low as $9.94 and as high as $23.43. On average, 397200 shares of AIR exchange hands on a given day and today's volume is recorded at 297149. 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 $16.65 represents resistance and the 50-day moving average of $14.49 would be an area of support.
