SHOULD I BUY APLD FOR TODAY DAY TRADING
9/10/2024 05:39pm
**APLD is not a suitable candidate for day trading today.** Here's why:
1. **Recent Performance**: APLD's recent price movement has been volatile, with a significant drop of 47.46% in the last week. This recent downturn suggests that the stock may not be stable enough for day trading, which requires careful timing and risk management.
2. **High Volatility**: The stock has a high weekly volatility of 20.78%, which indicates that the price can fluctuate widely in a short period. While this might seem attractive for day traders seeking high returns, the increased volatility also implies higher risk.
3. **Trading Volume**: The trading volume for APLD is strong, with 47.84 million shares traded on September 9, 2024. This indicates liquidity and market interest, which are important factors for day trading. However, the high volatility and recent price drop suggest that the stock may not be the best choice for day trading today.