Among the most volatile stocks traded on September 20 were: NII Holdings Inc, Sycamore Networks Inc, Immunogen Inc, Questcor Pharmaceuticals, Inc, and Tanger Factory Outlet Centers 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 NII Holdings Inc. (NIHD) traded higher by 15.02% or $1.05/share to $8.04. In the past year, the shares have traded as low as $5.65 and as high as $36.09. On average, 5751450 shares of NIHD exchange hands on a given day and today's volume is recorded at 7717050. 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 $14.49 represents resistance and the 50-day moving average of $6.96 would be an area of support.
Shares of Sycamore Networks Inc. (SCMR) traded higher by 6.55% or $0.96/share to $15.62. In the past year, the shares have traded as low as $13.02 and as high as $20.16. On average, 94330 shares of SCMR exchange hands on a given day and today's volume is recorded at 784111. 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 $16.33 represents resistance and the 50-day moving average of $14.49 would be an area of support.
Shares of Immunogen Inc. (IMGN) traded higher by 1.43% or $0.22/share to $15.62. In the past year, the shares have traded as low as $9.76 and as high as $18.10. On average, 804100 shares of IMGN exchange hands on a given day and today's volume is recorded at 139073. 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 $14.69 area where the stock will likely see buying pressure.
Shares of Questcor Pharmaceuticals, Inc. (QCOR) traded higher by 11.99% or $3.16/share to $29.51. In the past year, the shares have traded as low as $22.26 and as high as $58.91. On average, 3446770 shares of QCOR exchange hands on a given day and today's volume is recorded at 12741117. 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 $41.53 area where the stock may encounter resistance.
Shares of Tanger Factory Outlet Centers Inc. (SKT) fell by 1.18% or $-0.39/share to $32.8. In the past year, the shares have traded as low as $23.33 and as high as $34.09. On average, 676570 shares of SKT exchange hands on a given day and today's volume is recorded at 274252. 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 $32.97 represents resistance and the 200-day moving average of $30.53 would be an area of support.
